Webster Bank N. A. lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 26.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,621 shares of the cable giant’s stock after selling 2,807 shares during the period. Webster Bank N. A.’s holdings in Comcast were worth $305,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Biegel & Waller LLC acquired a new stake in shares of Comcast in the second quarter valued at about $432,000. iAB Financial Bank acquired a new stake in shares of Comcast in the second quarter valued at about $244,000. Quinn Opportunity Partners LLC grew its position in shares of Comcast by 97.6% in the second quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock valued at $1,892,000 after purchasing an additional 24,000 shares during the period. HPM Partners LLC grew its position in shares of Comcast by 16.1% in the second quarter. HPM Partners LLC now owns 41,656 shares of the cable giant’s stock valued at $1,621,000 after purchasing an additional 5,775 shares during the period. Finally, Rovida Advisors Inc. acquired a new stake in shares of Comcast in the second quarter valued at about $43,676,000. Institutional investors own 82.26% of the company’s stock.
Several brokerages have recently issued reports on CMCSA. Pivotal Research reiterated a “buy” rating and issued a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. Bank of America lifted their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. TD Securities lifted their target price on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Wells Fargo & Co lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Barclays set a $43.00 target price on shares of Comcast and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $47.74.
In other Comcast news, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock worth $31,070,439 over the last ninety days. 1.28% of the stock is owned by insiders.
Comcast Co. (NASDAQ:CMCSA) opened at $38.80 on Friday. 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 52 week low of $34.78 and a 52 week high of $44.00. The company has a market cap of $181,182.20, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.50 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts predict that Comcast Co. will post 2.45 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. Comcast’s payout ratio is 13.21%.
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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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