Adviser Investments LLC grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 94.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,684 shares of the cable giant’s stock after buying an additional 5,184 shares during the quarter. Adviser Investments LLC’s holdings in Comcast were worth $411,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Zions Bancorporation grew its stake in shares of Comcast by 16.8% during the 1st 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 grew its stake in shares of Comcast by 100.1% during the 2nd 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 acquired a new position in shares of Comcast during the 2nd quarter worth $107,000. First Bank & Trust grew its stake in shares of Comcast by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the period. Finally, Founders Capital Management acquired a new stake in Comcast in the 1st quarter valued at about $113,000. 82.13% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’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 transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 593,402 shares of company stock worth $22,961,401. Insiders own 1.28% of the company’s stock.
Comcast Corporation (CMCSA) traded down $0.16 during trading on Friday, hitting $42.44. 18,970,000 shares of the company’s stock traded hands, compared to its average volume of 24,620,000. The firm has a market cap of $198,350.00, a PE ratio of 20.02, a P/E/G ratio of 1.88 and a beta of 1.00. Comcast Corporation has a one year low of $34.78 and a one year high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. equities research analysts predict that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. Comcast’s payout ratio is currently 29.72%.
A number of equities research analysts recently commented on the stock. Evercore ISI reissued an “outperform” rating and issued a $48.00 price objective (up from $44.00) on shares of Comcast in a research note on Tuesday. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and increased their price objective for the company from $42.60 to $51.00 in a research note on Friday. Buckingham Research increased their price objective on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, October 18th. Finally, KeyCorp reissued a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. One 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. Comcast has a consensus rating of “Buy” and a consensus price target of $46.15.
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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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