InterOcean Capital LLC Buys 33174 Shares of Cisco Systems, Inc. (CSCO)

Paterniano Del Favero
Aprile 5, 2017

Cisco Systems, Inc. designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The fund owned 20,289 shares of the network equipment provider's stock after selling 2,925 shares during the period. Robert W. Baird reissued a "buy" rating on shares of Cisco Systems in a report on Wednesday, January 25th.

Other institutional investors have also recently added to or reduced their stakes in the company.

Over the past five trading sessions shares of InterCloud Systems, Inc. Edmond DE Rothschild Monaco bought a new position in Cisco Systems during the third quarter worth about $111,000. Finally, Dynamic Advisors Solutions LLC increased its position in Cisco Systems by 75.1% in the third quarter. First Personal Financial Services now owns 121,998 shares of the network equipment provider's stock valued at $3,870,000 after buying an additional 10,896 shares during the last quarter.

InterOcean Capital LLC boosted its position in Cisco Systems, Inc. Reilly Financial Advisors LLC raised its stake in Cisco Systems by 9.5% in the third quarter. (CSCO) has a trading volume of 19.36 Million shares, with an average trading volume of 16.94 Million shares - with shares dropping to a 52 week low of $25.81 on May 6, 2016, and the company's shares hitting a 52 week high on Mar 2, 2017, of $34.53. (NASDAQ: CSCO) opened at 33.80 on Monday. The firm has a market cap of $168.16 billion, a price-to-earnings ratio of 17.31 and a beta of 1.36. Current price places the company's stock -20.23% away from its 200-day simple moving average, -20.23%, away from the 50-day average and also -25.92% away from 20-day average. Over the past five trading sessions, it is -1.21%; -2.07% for the month; 12.07% for the last quarter; 7.66% for the past six months; and 22.46% for the last 12 months.

The company reported an impressive total revenue of 49.25 Billion in the last fiscal year. The higher end of the revenue estimate is $14.94 Billion and the lower end is $14.77 Billion. Cisco Systems had a net margin of 21.73% and a return on equity of 17.50%.

Regions Financial Corporation (RF) have shown a high EPS growth of 114.70% in the last 5 years and has earnings decline of 14.50% yoy.

InterCloud Systems, Inc. (OTC: ICLD) closed down 0 points or -8.71% at $0.03 with 18.03 mln shares exchanging hands.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th.

On 6/6/2016 Cisco Systems announced a quarterly dividend of $0.26 3.58% with an ex-dividend date of 7/5/2016 which will be payable on 7/27/2016. The ex-dividend date of this dividend is Tuesday, April 4th. Its quick ratio for the most recent quarter is 3.60 along with current ratio for the most recent quarter of 3.70. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright legislation. (NASDAQ: CSCO) by 3.8% during the fourth quarter, Holdings Channel reports. Vetr downgraded shares of Cisco Systems from a "strong-buy" rating to a "buy" rating and set a $34.10 price objective for the a report on Tuesday, December 27th. Jefferies Group LLC reissued a "buy" rating and set a $35.00 price objective on shares of Cisco Systems in a research report on Tuesday, December 6th. Drexel Hamilton reaffirmed a "buy" rating and issued a $36.00 price objective (down from $37.00) on shares of Cisco Systems in a report on Tuesday, December 6th.

The current consensus rating on Cisco Systems (NASDAQ: CSCO) is Buy (Score: 2.58) with a consensus target price of $34.13 per share, a potential 1.64% upside. The company now has a consensus rating of "Buy" and an average price target of $34.14. The shares were purchased at an average price of $33.92 per share, with a total value of $102,675.84. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $125,504. Marathon Petroleum Corporation (NYSE: MPC) quarterly performance is 0.34% while its year to date (YTD) performance is 0.30%.

The stock now has its Annual Dividend of $1.16 and an annual Dividend Yield of 3.45 Percent. Over the last quarter, insiders have sold 371,807 shares of company stock valued at $12,668,893.

Its last month's stock price volatility remained 0.89% which for the week stands at 0.92%.

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