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Mercer Global Advisors Inc. ADV Has $90.82 Million Position in Cisco Systems, Inc. $CSCO
Mercer Global Advisors Inc. ADV significantly increased its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 40.2% in the third quarter, bringing its total holdings to over $90.8 million. Other institutional investors also adjusted their positions, and 73.33% of Cisco’s stock is now owned by institutions and hedge funds. The company recently increased its quarterly dividend to $0.42 and beat analyst estimates for its latest earnings report with an EPS of $1.04 and revenue of $15.35 billion.