Icon Advisers Inc. Co. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 56.9% during the 4th quarter, Holdings Channel reports. The firm owned 48,900 shares of the cable giant’s stock after selling 64,688 shares during the period. Icon Advisers Inc. Co.’s holdings in Comcast were worth $1,958,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in CMCSA. Clarius Group LLC lifted its position in shares of Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after buying an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its position in shares of Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares in the last quarter. Strategic Advisors LLC lifted its position in shares of 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 buying an additional 106 shares in the last quarter. Roberts Glore & Co. Inc. IL lifted its position in shares of Comcast by 2.1% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock valued at $359,000 after buying an additional 190 shares in the last quarter. Finally, Balentine LLC raised its stake in Comcast by 1.5% during the 2nd quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock valued at $536,000 after purchasing an additional 200 shares during the period. 83.44% of the stock is currently owned by institutional investors and hedge funds.
CMCSA has been the topic of several recent analyst reports. Buckingham Research initiated coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 target price on the stock. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Macquarie reissued a “buy” rating and set a $40.00 target price on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research reissued a “buy” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. Finally, Evercore ISI reissued an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the stock. Comcast presently has an average rating of “Buy” and an average target price of $50.39.
Shares of Comcast stock opened at $35.83 on Monday. 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 Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The stock has a market capitalization of $166,412.69, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $21.83 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts expect that Comcast Co. will post 2.52 earnings per share for the current year.
The company 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 $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.12%. Comcast’s payout ratio is presently 13.21%.
In other news, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the transaction, the chairman now owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 358,353 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $36.89, for a total value of $13,219,642.17. Following the transaction, the chief executive officer now directly owns 1,717,788 shares in the company, valued at approximately $63,369,199.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,375,598 shares of company stock worth $51,570,601. Corporate insiders own 1.28% of the company’s stock.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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