CX Institutional cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 35.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 52,688 shares of the cable giant’s stock after selling 29,030 shares during the quarter. CX Institutional’s holdings in Comcast were worth $2,369,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Guidant Wealth Advisors acquired a new stake in shares of Comcast in the third quarter worth $31,000. Personal Wealth Partners boosted its position in shares of Comcast by 44.2% in the third quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock worth $36,000 after buying an additional 242 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Comcast in the third quarter worth $42,000. Bourgeon Capital Management LLC acquired a new stake in shares of Comcast in the third quarter worth $45,000. Finally, Ellevest Inc. boosted its position in shares of Comcast by 33.7% in the second quarter. Ellevest Inc. now owns 1,015 shares of the cable giant’s stock worth $43,000 after buying an additional 256 shares during the period. Institutional investors own 82.52% of the company’s stock.
Shares of NASDAQ:CMCSA traded down $0.19 on Tuesday, reaching $47.32. The company had a trading volume of 11,021,164 shares, compared to its average volume of 15,862,072. Comcast Co. has a twelve month low of $34.67 and a twelve month high of $47.74. The stock has a 50-day moving average price of $44.72 and a 200 day moving average price of $44.57. The stock has a market capitalization of $216.09 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.19 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Comcast had a return on equity of 17.97% and a net margin of 11.45%. The company had revenue of $26.83 billion during the quarter, compared to analysts’ expectations of $26.77 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Co. will post 3.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.21 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.78%. Comcast’s dividend payout ratio is currently 32.94%.
Several analysts have recently commented on the company. Wells Fargo & Co raised their target price on Comcast from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $52.00 target price on shares of Comcast in a research report on Wednesday, January 15th. TD Securities decreased their target price on Comcast from $57.00 to $54.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Citigroup raised their target price on Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, BidaskClub cut Comcast from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.52.
In other Comcast news, EVP David N. Watson sold 78,100 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $43.67, for a total value of $3,410,627.00. Following the completion of the sale, the executive vice president now owns 564,424 shares of the company’s stock, valued at $24,648,396.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total value of $22,860,995.04. Following the completion of the transaction, the chief executive officer now owns 4,108,522 shares in the company, valued at $184,801,319.56. The disclosure for this sale can be found here. Insiders sold 591,948 shares of company stock valued at $26,526,254 in the last ninety days. Insiders own 1.35% of the company’s stock.
About Comcast
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
