Earnest Partners LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 209,602 shares of the cable giant’s stock after selling 19,434 shares during the quarter. Earnest Partners LLC’s holdings in Comcast were worth $8,395,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sky Investment Group LLC boosted its position in Comcast by 7.3% during the fourth quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock worth $1,487,000 after acquiring an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC boosted its position in Comcast by 32.1% during the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock worth $4,204,000 after acquiring an additional 25,508 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Comcast by 1.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock worth $4,016,000 after acquiring an additional 1,853 shares during the last quarter. Swiss National Bank boosted its position in Comcast by 0.9% during the third quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock worth $693,537,000 after acquiring an additional 162,000 shares during the last quarter. Finally, Buckley Wealth Management LLC acquired a new position in Comcast during the fourth quarter worth about $755,000. Institutional investors and hedge funds own 83.54% of the company’s stock.
In related news, CEO Brian L. Roberts sold 358,353 shares of the company’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 transaction of $13,219,642.17. Following the sale, the chief executive officer now directly owns 1,717,788 shares of the company’s stock, valued at approximately $63,369,199.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,399,951 shares of company stock worth $52,377,633. 1.28% of the stock is owned by insiders.
Comcast stock opened at $33.27 on Wednesday. The company has a market capitalization of $153,361.63, a PE ratio of 16.15, a P/E/G ratio of 1.21 and a beta of 1.17. Comcast Co. has a 1 year low of $32.74 and a 1 year 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.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the prior year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts forecast that Comcast Co. will post 2.48 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 36.89%.
Several research firms have weighed in on CMCSA. Nomura decreased their target price on shares of Comcast to $40.00 and set a “neutral” rating on the stock in a report on Monday, April 9th. Pivotal Research reiterated a “buy” rating and issued a $48.00 target price (down from $52.00) on shares of Comcast in a report on Friday, April 6th. ValuEngine lowered shares of Comcast from a “hold” rating to a “sell” rating in a report on Monday, April 2nd. TD Securities decreased their target price on shares of Comcast from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, March 29th. Finally, Cowen began coverage on shares of Comcast in a report on Monday, March 26th. They issued a “market perform” rating and a $39.00 target price on the stock. 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 stock. The stock has a consensus rating of “Buy” and a consensus price target of $47.08.
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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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