Adell Harriman & Carpenter Inc. reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 23.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,650 shares of the cable giant’s stock after selling 40,758 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Comcast were worth $5,066,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Clear Perspective Advisors LLC increased its stake in shares of Comcast by 100.1% in the 2nd 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 last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast during the 2nd quarter worth $107,000. First Bank & Trust grew its position in 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 acquiring an additional 1,302 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Comcast during the 2nd quarter worth $165,000. Finally, Shine Investment Advisory Services Inc. bought a new stake in Comcast during the 2nd quarter worth $168,000. 82.33% of the stock is owned by institutional investors and hedge funds.
In other Comcast news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock worth $31,070,439 over the last ninety days. Insiders own 1.28% of the company’s stock.
A number of equities research analysts have commented on CMCSA shares. KeyCorp reiterated a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. 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. Wells Fargo & Co reissued a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. Finally, Pivotal Research upped 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.74.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $41.11 on Friday. Comcast Co. has a 12-month low of $34.78 and a 12-month high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $188,560.00, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts forecast that Comcast Co. will post 2.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is 13.18%.
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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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