Haverford Trust Co. increased its stake in Comcast Co. (NASDAQ:CMCSA) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,060,232 shares of the cable giant’s stock after acquiring an additional 13,464 shares during the quarter. Comcast comprises 2.5% of Haverford Trust Co.’s holdings, making the stock its 12th largest holding. Haverford Trust Co. owned about 0.07% of Comcast worth $117,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Clear Perspective Advisors LLC lifted its stake in 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 buying an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new position in Comcast in the second quarter valued at approximately $107,000. First Bank & Trust lifted its stake in 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 buying an additional 1,302 shares during the period. Willingdon Wealth Management acquired a new position in Comcast in the third quarter valued at approximately $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Comcast in the second quarter valued at approximately $165,000. 82.52% of the stock is currently owned by institutional investors.
In other Comcast news, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was 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 owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value 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 approximately $66,195,228.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is owned by corporate insiders.
Shares of Comcast Co. (NASDAQ:CMCSA) traded up $0.47 during midday trading on Wednesday, reaching $39.43. The company’s stock had a trading volume of 21,850,825 shares, compared to its average volume of 26,110,000. The company has a market cap of $184,290.00, a price-to-earnings ratio of 8.25, 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 current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a fifty-two week low of $34.78 and a fifty-two week high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. sell-side analysts expect that Comcast Co. will post 2.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.93%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 13.18%.
Several equities research analysts have recently commented on CMCSA shares. Guggenheim boosted their price objective on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks boosted their price objective on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities boosted their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Bank of America boosted their price objective on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Co boosted their price objective on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. One equities 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.74.
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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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