Copeland Capital Management LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,187 shares of the cable giant’s stock after selling 54,199 shares during the period. Copeland Capital Management LLC’s holdings in Comcast were worth $7,126,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Zions Bancorporation boosted its stake in shares of Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the period. Clear Perspective Advisors LLC boosted its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $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 during the second quarter valued at approximately $107,000. First Bank & Trust boosted its stake in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares during the period. Finally, Founders Capital Management purchased a new stake in shares of Comcast during the first quarter valued at approximately $113,000. 82.13% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on CMCSA. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast in a research note on Friday, November 17th. Nomura dropped their price target on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Pivotal Research raised their price target on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the stock. Comcast has an average rating of “Buy” and an average target price of $46.15.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $42.60 on Friday. The stock has a market capitalization of $199,100.00, a P/E ratio of 20.09, a P/E/G ratio of 1.85 and a beta of 1.00. Comcast Corporation has a 12 month low of $34.78 and a 12 month high of $42.67. 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 (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. equities analysts forecast that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is 29.72%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,402 shares of company stock worth $22,961,401. Corporate insiders own 1.28% of the company’s stock.
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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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