Monument Capital Management bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 45,888 shares of the cable giant’s stock, valued at approximately $1,837,000.
Several other hedge funds have also recently bought and sold shares of CMCSA. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast in the 2nd quarter worth approximately $107,000. Vigilant Capital Management LLC lifted its position in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,134 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in Comcast in the 3rd quarter valued at approximately $104,000. Clear Perspective Advisors LLC lifted its position in Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. Finally, Tower View Investment Management & Research LLC bought a new position in Comcast in the 4th quarter valued at approximately $109,000. Hedge funds and other institutional investors own 83.49% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 10,870 shares of the stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $33.49, for a total value of $364,036.30. Following the completion of the sale, the executive vice president now owns 85,418 shares in the company, valued at approximately $2,860,648.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total value 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 approximately $51,641,615.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,399,951 shares of company stock worth $52,377,633. 1.28% of the stock is owned by insiders.
Shares of Comcast stock opened at $34.12 on Friday. Comcast Co. has a one year low of $32.74 and a one year high of $44.00. The firm has a market capitalization of $159,353.03, a P/E ratio of 16.56, a P/E/G ratio of 1.25 and a beta of 1.17. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 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 company had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period last year, the firm earned $0.89 EPS. Comcast’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts forecast that Comcast Co. will post 2.5 earnings per share for the current year.
The business also recently announced 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. This represents a $0.76 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
Several research firms recently issued reports on CMCSA. TD Securities upped their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America upped their price objective on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Pivotal Research reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Comcast in a research report on Wednesday, January 24th. Wells Fargo upped their price objective on 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 price objective on Comcast and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.16.
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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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