Everence Capital Management Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,181 shares of the cable giant’s stock after selling 10,071 shares during the quarter. Comcast comprises about 0.8% of Everence Capital Management Inc.’s portfolio, making the stock its 22nd largest position. Everence Capital Management Inc.’s holdings in Comcast were worth $3,812,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Clarius Group LLC increased its stake in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after buying an additional 32 shares during the period. GM Advisory Group Inc. increased its stake in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after buying an additional 48 shares during the period. Flagship Harbor Advisors LLC increased its position in Comcast by 0.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock valued at $712,000 after purchasing an additional 93 shares during the period. Strategic Advisors LLC increased its position in Comcast by 0.5% during the 2nd quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock valued at $812,000 after purchasing an additional 106 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in Comcast by 3.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,520 shares of the cable giant’s stock valued at $176,000 after purchasing an additional 146 shares during the period. 83.59% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on CMCSA shares. TD Securities raised 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. Nomura reissued a “neutral” rating and set a $42.00 target price (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research raised their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Pivotal Research reissued a “buy” rating and set a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus target price of $50.39.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $37.13 on Monday. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $44.00. The firm has a market cap of $172,450.55, a PE ratio of 18.02, a PEG ratio of 1.34 and a beta of 1.16. 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 (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period last year, the business earned $0.89 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts predict that Comcast Co. will post 2.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued 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 dividend yield of 2.05%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
In related 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast 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 sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Insiders sold a total of 915,605 shares of company stock worth $35,906,374 over the last 90 days. Company insiders own 1.28% of the company’s stock.
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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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