Cardinal Capital Management Inc. Boosts Holdings in Comcast Co. (CMCSA)

Cardinal Capital Management Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 524.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 107,800 shares of the cable giant’s stock after purchasing an additional 90,550 shares during the period. Cardinal Capital Management Inc.’s holdings in Comcast were worth $4,317,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Biegel & Waller LLC purchased a new position in Comcast during the 2nd quarter valued at about $432,000. Penobscot Investment Management Company Inc. boosted its holdings in shares of Comcast by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after buying an additional 2,828 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Comcast by 1.4% in the 2nd quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock valued at $238,435,000 after buying an additional 83,461 shares in the last quarter. iAB Financial Bank bought a new stake in shares of Comcast in the 2nd quarter valued at about $244,000. Finally, Quinn Opportunity Partners LLC boosted its holdings in shares of Comcast by 97.6% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock valued at $1,892,000 after buying an additional 24,000 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of Comcast Co. (NASDAQ CMCSA) opened at $39.79 on Monday. The company has a market cap of $184,810.00, a P/E ratio of 18.95, a P/E/G ratio of 1.53 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 12 month low of $34.78 and a 12 month 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. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Comcast Co. will post 2.45 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.91%. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is presently 30.00%.

CMCSA has been the topic of a number of recent analyst reports. Barclays lowered their price target 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. TD Securities raised their price target on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Nomura restated a “neutral” rating and issued a $42.00 price target (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Buckingham Research raised their price target on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 8th. Finally, BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus target price of $47.74.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 784,158 shares of company stock valued at $31,070,439. Company insiders own 1.28% of the company’s stock.

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About Comcast

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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