Artisan Partners Limited Partnership cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 92.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,317 shares of the cable giant’s stock after selling 839,750 shares during the period. Artisan Partners Limited Partnership’s holdings in Comcast were worth $2,475,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Connecticut Wealth Management LLC grew its stake in shares of Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after buying an additional 24 shares during the last quarter. Financial Consulate Inc. grew its stake in shares of Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after buying an additional 30 shares during the last quarter. Clarius Group LLC grew its stake in shares of Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after buying an additional 32 shares during the last quarter. GM Advisory Group Inc. grew its stake in shares of Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after buying an additional 48 shares during the last quarter. Finally, Peoples Bank OH grew its stake in shares of Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.52% of the company’s stock.
Several brokerages recently weighed in on CMCSA. Macquarie reissued a “buy” rating and issued a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research reissued a “buy” rating and issued a $52.00 price objective on shares of Comcast in a research note on Wednesday, January 24th. SunTrust Banks boosted their target price on shares of Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. OTR Global lowered shares of Comcast to a “positive” rating in a report on Monday, October 30th. Finally, Barclays dropped their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $47.74.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction 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 completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 784,158 shares of company stock worth $31,070,439. Corporate insiders own 1.28% of the company’s stock.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $38.54 on Tuesday. The company has a market cap of $180,130.00, a P/E ratio of 8.06, a P/E/G ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts predict that Comcast Co. will post 2.46 earnings per share 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 given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. This is a boost from Comcast’s previous quarterly dividend of $0.16. 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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