Level Four Advisory Services LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 28.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,252 shares of the cable giant’s stock after selling 10,598 shares during the period. Level Four Advisory Services LLC’s holdings in Comcast were worth $980,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CMCSA. Zions Bancorporation raised its stake in Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the period. Clear Perspective Advisors LLC raised its stake in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the period. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast in the 2nd quarter valued at approximately $107,000. First Bank & Trust raised its stake in shares of Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares during the period. Finally, Founders Capital Management purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $113,000. 82.50% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global downgraded shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Buckingham Research assumed coverage on shares of Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 price target on the stock. Wells Fargo & Company reissued a “buy” rating and issued a $49.00 price target on shares of Comcast in a research note on Monday, October 23rd. Finally, Nomura reduced their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average target price of $45.72.
Comcast Corporation (NASDAQ CMCSA) opened at $39.71 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $34.12 and a twelve month high of $42.18. The company has a market cap of $185,600.00, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. equities analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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