BTC Capital Management Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,781 shares of the cable giant’s stock after selling 4,141 shares during the period. BTC Capital Management Inc.’s holdings in Comcast were worth $2,491,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Biegel & Waller LLC bought a new stake in Comcast during the 2nd quarter valued at approximately $432,000. Penobscot Investment Management Company Inc. boosted its position in shares of Comcast by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after purchasing an additional 2,828 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Comcast by 1.4% in the 2nd quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock worth $238,435,000 after purchasing an additional 83,461 shares in the last quarter. iAB Financial Bank bought a new stake in shares of Comcast in the 2nd quarter worth approximately $244,000. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Comcast in the 2nd quarter worth approximately $5,993,000. Hedge funds and other institutional investors own 82.20% of the company’s stock.
CMCSA has been the subject of a number of recent analyst reports. Evercore ISI restated an “outperform” rating and issued a $48.00 price objective (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and boosted their price objective for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Royal Bank of Canada restated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, October 18th. Buckingham Research boosted their target price 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. Finally, KeyCorp reiterated 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 issued a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $46.15.
In other 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 transaction of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock worth $22,961,401 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.
Comcast Co. (CMCSA) opened at $41.82 on Wednesday. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $42.71. The company has a market cap of $195,460.00, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. 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 (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. equities research analysts forecast that Comcast Co. will post 2.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is 29.72%.
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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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