Arvest Bank Trust Division acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,174 shares of the cable giant’s stock, valued at approximately $207,000.
A number of other institutional investors have also modified their holdings of the business. MPS Loria Financial Planners LLC bought a new position in Comcast in the 2nd quarter valued at about $107,000. Wealthcare Advisory Partners LLC bought a new position in Comcast in the 3rd quarter valued at about $104,000. Clear Perspective Advisors LLC increased its holdings in Comcast by 100.1% in the 2nd 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. Willingdon Wealth Management bought a new position in Comcast in the 3rd quarter valued at about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Comcast in the 2nd quarter valued at about $165,000. Institutional investors and hedge funds own 82.26% of the company’s stock.
Several equities analysts have commented on the stock. Nomura reissued a “neutral” rating and issued a $42.00 target price (down from $45.00) on shares of Comcast in a report on Thursday, January 18th. Scotiabank set a $52.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, January 19th. Pivotal Research reaffirmed a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. TD Securities lifted 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. Finally, SunTrust Banks lifted their price target on shares of Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $47.74.
In other news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock worth $31,070,439 over the last three months. Insiders own 1.28% of the company’s stock.
Shares of Comcast Co. (CMCSA) opened at $39.01 on Thursday. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. The firm has a market cap of $181,180.00, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts predict that Comcast Co. will post 2.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.95%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is presently 30.00%.
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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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