Sawyer & Company Inc purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 39,490 shares of the cable giant’s stock, valued at approximately $1,582,000.
Other institutional investors have also modified their holdings of the company. Rockland Trust Co. increased its stake in Comcast by 3.6% in the 4th quarter. Rockland Trust Co. now owns 361,752 shares of the cable giant’s stock worth $14,488,000 after purchasing an additional 12,635 shares in the last quarter. Boyd Watterson Asset Management LLC OH purchased a new position in Comcast in the 4th quarter worth about $612,000. Kistler Tiffany Companies LLC increased its stake in Comcast by 28.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 15,661 shares of the cable giant’s stock worth $627,000 after purchasing an additional 3,481 shares in the last quarter. Leavell Investment Management Inc. increased its stake in Comcast by 2.4% in the 4th quarter. Leavell Investment Management Inc. now owns 126,710 shares of the cable giant’s stock worth $5,075,000 after purchasing an additional 2,950 shares in the last quarter. Finally, Kessler Investment Group LLC increased its stake in Comcast by 12,353.1% in the 4th quarter. Kessler Investment Group LLC now owns 43,586 shares of the cable giant’s stock worth $1,746,000 after purchasing an additional 43,236 shares in the last quarter. Hedge funds and other institutional investors own 82.52% of the company’s stock.
A number of equities analysts recently weighed in on the company. Pivotal Research reissued a “buy” rating and issued a $52.00 price target on shares of Comcast in a research note on Wednesday, January 24th. Wells Fargo & Co lifted their price target on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Bank of America lifted their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. TD Securities lifted their price target on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One equities research 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 stock. Comcast presently has a consensus rating of “Buy” and an average price target of $47.74.
In related news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale 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 business’s stock in a transaction that occurred on Thursday, December 14th. The shares were 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 directly 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. In the last three months, insiders sold 784,158 shares of company stock valued at $31,070,439. 1.28% of the stock is currently owned by company insiders.
Comcast Co. (NASDAQ CMCSA) opened at $38.96 on Wednesday. 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 12 month low of $34.78 and a 12 month high of $44.00. The firm has a market capitalization of $178,999.30, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. equities research analysts forecast that Comcast Co. will post 2.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.95%. Comcast’s payout ratio is presently 13.21%.
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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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