TRUE Private Wealth Advisors Boosts Position in Comcast Co. (CMCSA)

TRUE Private Wealth Advisors boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,901 shares of the cable giant’s stock after purchasing an additional 11,318 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Comcast were worth $1,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Comcast by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after acquiring an additional 432,491 shares in the last quarter. Capital International Investors lifted its stake in Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. Veritas Asset Management LLP lifted its stake in Comcast by 3.7% during the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Comcast by 6.0% during the 2nd quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after acquiring an additional 1,839,436 shares in the last quarter. 82.26% of the stock is owned by institutional investors and hedge funds.

Shares of Comcast Co. (NASDAQ:CMCSA) opened at $39.47 on Wednesday. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00. The stock has a market capitalization of $183,320.00, a PE ratio of 18.80, a P/E/G ratio of 1.53 and a beta of 1.04. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for 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 firm’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that Comcast Co. will post 2.45 earnings per share for the current fiscal year.

The company also recently disclosed 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. This represents a $0.76 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is currently 30.00%.

Several brokerages have weighed in on CMCSA. Nomura restated a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Scotiabank set a $52.00 target price on Comcast and gave the stock a “buy” rating in a research note on Friday, January 19th. Pivotal Research reiterated a “buy” rating and set a $52.00 target price on shares of Comcast in a research note on Wednesday, January 24th. TD Securities lifted their target price on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, SunTrust Banks lifted their target price on Comcast to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.74.

In related news, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock worth $31,070,439 over the last 90 days. 1.28% of the stock is currently owned by company insiders.

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Comcast 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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