Aevitas Wealth Management Inc. bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel reports. The firm bought 6,700 shares of the cable giant’s stock, valued at approximately $268,000.
A number of other hedge funds have also made changes to their positions in CMCSA. Amalgamated Bank grew its stake in Comcast by 8.1% during the 4th quarter. Amalgamated Bank now owns 611,974 shares of the cable giant’s stock valued at $24,510,000 after purchasing an additional 45,769 shares during the last quarter. Assetmark Inc. grew its stake in Comcast by 12.1% during the 4th quarter. Assetmark Inc. now owns 23,885 shares of the cable giant’s stock valued at $957,000 after purchasing an additional 2,570 shares during the last quarter. Mackenzie Financial Corp grew its stake in Comcast by 7,838.2% during the 4th quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after purchasing an additional 10,560,249 shares during the last quarter. Ascend Capital LLC grew its stake in Comcast by 45.1% during the 4th quarter. Ascend Capital LLC now owns 413,844 shares of the cable giant’s stock valued at $16,574,000 after purchasing an additional 128,545 shares during the last quarter. Finally, Ibex Wealth Advisors grew its stake in Comcast by 1.5% during the 4th quarter. Ibex Wealth Advisors now owns 134,618 shares of the cable giant’s stock valued at $5,449,000 after purchasing an additional 2,037 shares during the last quarter. Hedge funds and other institutional investors own 83.49% of the company’s stock.
In other Comcast news, SVP Daniel C. Murdock sold 1,891 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 2,585 shares of the company’s stock, valued at $92,026. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur R. Block sold 6,358 shares of the stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $33.69, for a total value of $214,201.02. Following the transaction, the executive vice president now directly owns 72,758 shares of the company’s stock, valued at approximately $2,451,217.02. The disclosure for this sale can be found here. Insiders sold a total of 1,399,951 shares of company stock valued at $52,377,633 in the last ninety days. 1.28% of the stock is currently owned by insiders.
Several analysts have weighed in on CMCSA shares. Pivotal Research reiterated a “buy” rating and set a $113.00 price target on shares of Comcast in a research note on Wednesday, February 28th. UBS dropped their price target on Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 22nd. Scotiabank set a $52.00 price target on Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. Evercore ISI restated an “outperform” rating and issued a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Finally, Buckingham Research upped their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $47.16.
NASDAQ CMCSA opened at $34.12 on Friday. The stock has a market capitalization of $159,353.03, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17. Comcast Co. has a twelve month low of $32.74 and a twelve month high of $44.00. 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 (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. equities research analysts expect that Comcast Co. will post 2.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors 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. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.23%. Comcast’s dividend payout ratio is presently 36.89%.
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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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