Horizon Investment Services LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 169,682 shares of the cable giant’s stock after selling 2,841 shares during the quarter. Comcast comprises about 2.8% of Horizon Investment Services LLC’s holdings, making the stock its 8th largest position. Horizon Investment Services LLC’s holdings in Comcast were worth $6,796,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aevitas Wealth Management Inc. purchased a new position in shares of Comcast in the fourth quarter valued at $268,000. Amalgamated Bank grew its position in shares of Comcast by 8.1% in the fourth 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 in the last quarter. Assetmark Inc. grew its position in shares of Comcast by 12.1% in the fourth 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 in the last quarter. Mackenzie Financial Corp grew its position in shares of Comcast by 7,838.2% in the fourth 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 in the last quarter. Finally, Ascend Capital LLC grew its position in shares of Comcast by 45.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 83.49% of the company’s stock.
In other news, SVP Daniel C. Murdock sold 1,891 shares of the business’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total value 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 approximately $92,026. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were 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 directly 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. Insiders sold a total of 1,399,951 shares of company stock valued at $52,377,633 over the last quarter. Company insiders own 1.28% of the company’s stock.
CMCSA opened at $34.12 on Friday. Comcast Co. has a 12-month low of $32.74 and a 12-month high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $160,699.92, a PE ratio of 16.56, a PEG ratio of 1.26 and a beta of 1.17.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts expect that Comcast Co. will post 2.49 EPS for the current year.
The company also recently disclosed 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 2.23%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 36.89%.
Several brokerages have recently weighed in on CMCSA. Pivotal Research reiterated a “buy” rating and issued a $52.00 price target on shares of Comcast in a research report on Wednesday, January 24th. Nomura restated a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Instinet cut Comcast from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $45.00 in a research report on Thursday, January 18th. SunTrust Banks boosted their target price on Comcast to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Guggenheim boosted their target price on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.16.
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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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