Sawyer & Company Inc Invests $1.58 Million in Comcast Co. (CMCSA) Stock

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%.

WARNING: This article was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/14/sawyer-company-inc-invests-1-58-million-in-comcast-co-cmcsa-stock.html.

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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply