Welch & Forbes LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 752,226 shares of the cable giant’s stock after purchasing an additional 61,306 shares during the period. Welch & Forbes LLC’s holdings in Comcast were worth $28,946,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Clear Perspective Advisors LLC raised its position in 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 in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast in the 2nd quarter valued at about $107,000. First Bank & Trust raised its position in Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Willingdon Wealth Management acquired a new stake in Comcast in the 3rd quarter valued at about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Comcast in the 2nd quarter valued at about $165,000. 82.52% of the stock is currently owned by institutional investors and hedge funds.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the business’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 sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 784,158 shares of company stock valued at $31,070,439. Company insiders own 1.28% of the company’s stock.
Comcast Co. (CMCSA) opened at $38.54 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $179,138.63, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. Comcast Co. has a 1 year low of $34.78 and a 1 year high of $44.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. Comcast’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. sell-side analysts forecast that Comcast Co. will post 2.46 EPS for the current fiscal year.
The firm 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 $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is currently 13.21%.
CMCSA has been the topic of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of Comcast in a report on Tuesday, October 17th. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a report on Monday, October 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, October 18th. Wells Fargo & Co reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. Finally, Pivotal Research raised 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.74.
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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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