Rothschild Asset Management Inc. cut its stake in Comcast Co. (NASDAQ:CMCSA) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,042,138 shares of the cable giant’s stock after selling 107,078 shares during the quarter. Comcast accounts for about 0.9% of Rothschild Asset Management Inc.’s portfolio, making the stock its 12th biggest position. Rothschild Asset Management Inc.’s holdings in Comcast were worth $78,582,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in shares of Comcast in the second quarter valued at approximately $107,000. Clear Perspective Advisors LLC grew its holdings in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. First Bank & Trust grew its holdings in shares of Comcast by 84.9% in the second 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 in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Comcast in the second quarter valued at approximately $165,000. Finally, Shine Investment Advisory Services Inc. bought a new position in shares of Comcast in the second quarter valued at approximately $168,000. 82.20% of the stock is owned by hedge funds and other institutional investors.
Comcast Co. (NASDAQ:CMCSA) opened at $41.68 on Thursday. Comcast Co. has a twelve month low of $34.78 and a twelve month 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. The company has a market capitalization of $195,457.11, a price-to-earnings ratio of 20.09, a PEG ratio of 1.83 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 Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts anticipate that Comcast Co. will post 2.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is currently 30.36%.
In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction 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 owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.
Several equities analysts have recently issued reports on CMCSA shares. Buckingham Research assumed coverage on Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price for the company. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a report on Friday, November 17th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. Nomura reduced their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Pivotal Research increased their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the company. Comcast has an average rating of “Buy” and a consensus price target of $46.15.
COPYRIGHT VIOLATION WARNING: “Rothschild Asset Management Inc. Has $78.58 Million Stake in Comcast Co. (CMCSA)” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/18/rothschild-asset-management-inc-has-78-58-million-stake-in-comcast-co-cmcsa.html.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.