Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 452,000 shares of the cable giant’s stock after purchasing an additional 4,472 shares during the period. Comcast makes up 2.7% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 3rd largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Comcast were worth $17,393,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. raised its holdings in shares of Comcast by 5.3% during the third quarter. Wesbanco Bank Inc. now owns 33,886 shares of the cable giant’s stock valued at $1,304,000 after purchasing an additional 1,697 shares during the last quarter. Prudential Financial Inc. increased its holdings in Comcast by 8.2% during the third quarter. Prudential Financial Inc. now owns 13,254,504 shares of the cable giant’s stock valued at $510,034,000 after buying an additional 1,000,292 shares during the last quarter. Smith Moore & CO. increased its holdings in Comcast by 26.3% during the third quarter. Smith Moore & CO. now owns 7,390 shares of the cable giant’s stock valued at $284,000 after buying an additional 1,540 shares during the last quarter. Becker Capital Management Inc. purchased a new stake in Comcast during the third quarter valued at approximately $473,000. Finally, Penobscot Investment Management Company Inc. increased its holdings in Comcast by 1.4% during the third quarter. Penobscot Investment Management Company Inc. now owns 99,777 shares of the cable giant’s stock valued at $3,840,000 after buying an additional 1,390 shares during the last quarter. 82.13% of the stock is owned by hedge funds and other institutional investors.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction 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 transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is owned by company insiders.
Comcast Corporation (CMCSA) opened at $42.60 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Corporation has a 12-month low of $34.78 and a 12-month high of $42.67. The firm has a market cap of $199,100.00, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.85 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts expect that Comcast Corporation will post 2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.47%. Comcast’s dividend payout ratio is 29.72%.
CMCSA has been the subject of a number of research reports. KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $44.00 target price on shares of Comcast in a report on Thursday, September 21st. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a report on Monday, October 16th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $46.15.
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Comcast Company Profile
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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