Yacktman Asset Management LP Has $26.24 Million Stock Holdings in Cisco Systems, Inc. $CSCO

Yacktman Asset Management LP reduced its stake in Cisco Systems by 5.4% in the fourth quarter, now holding 340,638 shares valued at $26.24 million. Despite the reduction, institutional ownership of Cisco remains high at 73.33%, and analysts maintain a “Moderate Buy” consensus with an average target price of $90.29. Cisco recently beat earnings expectations, raised its quarterly dividend to $0.42 per share, and its stock is nearing its 52-week high, although there has been some insider selling.

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