Whittier Trust Co. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 317,208 shares of the cable giant’s stock after acquiring an additional 8,048 shares during the quarter. Whittier Trust Co.’s holdings in Comcast were worth $12,701,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Sky Investment Group LLC grew its stake in shares of Comcast by 7.3% in the fourth quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock valued at $1,487,000 after buying an additional 2,536 shares in the last quarter. Convergence Investment Partners LLC grew its stake in shares of Comcast by 32.1% in the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after buying an additional 25,508 shares in the last quarter. Elkhorn Investments LLC grew its stake in shares of Comcast by 10.4% in the second quarter. Elkhorn Investments LLC now owns 34,702 shares of the cable giant’s stock valued at $1,374,000 after buying an additional 3,273 shares in the last quarter. Swiss National Bank grew its stake in shares of Comcast by 0.9% in the third quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after buying an additional 162,000 shares in the last quarter. Finally, Brightworth bought a new position in shares of Comcast in the third quarter valued at $451,000. 83.44% of the stock is owned by institutional investors.
CMCSA has been the subject of several analyst reports. Scotiabank set a $52.00 target price on shares of Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. Evercore ISI reissued an “outperform” rating and issued a $48.00 target price (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. 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 note on Monday, January 8th. Pivotal Research reissued a “buy” rating and issued a $113.00 target price on shares of Comcast in a research note on Wednesday, February 28th. Finally, TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and raised their target price for the company from $42.60 to $51.00 in a research note on Friday, January 12th. One investment 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.39.
In other news, SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction on Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $67,319.60. Following the completion of the sale, the senior vice president now owns 2,585 shares of the company’s stock, valued at $92,026. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the transaction, the chairman now directly owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The disclosure for this sale can be found here. Insiders have sold 1,379,960 shares of company stock valued at $51,725,889 in the last three months. Insiders own 1.28% of the company’s stock.
Shares of CMCSA stock opened at $34.57 on Wednesday. Comcast Co. has a twelve month low of $34.55 and a twelve month 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 capitalization of $163,951.09, a price-to-earnings ratio of 7.25, a PEG ratio of 1.28 and a beta of 1.16.
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 return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. research analysts forecast that Comcast Co. will post 2.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
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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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