Karpas Strategies LLC lessened its position in shares of Comcast (NASDAQ:CMCSA) by 1.8% in the first quarter, HoldingsChannel.com reports. The fund owned 118,019 shares of the cable giant’s stock after selling 2,164 shares during the period. Comcast accounts for approximately 1.8% of Karpas Strategies LLC’s investment portfolio, making the stock its 17th largest holding. Karpas Strategies LLC’s holdings in Comcast were worth $4,033,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. NorthCoast Asset Management LLC bought a new stake in Comcast during the third quarter worth $23,574,000. Teachers Retirement System of The State of Kentucky lifted its stake in Comcast by 2.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,179,945 shares of the cable giant’s stock worth $45,405,000 after purchasing an additional 31,300 shares during the last quarter. George Kaiser Family Foundation bought a new stake in Comcast during the third quarter worth $1,380,000. Van Hulzen Asset Management LLC lifted its stake in Comcast by 1,056.8% during the third quarter. Van Hulzen Asset Management LLC now owns 86,306 shares of the cable giant’s stock worth $3,321,000 after purchasing an additional 78,845 shares during the last quarter. Finally, Haverford Financial Services Inc. lifted its stake in Comcast by 0.8% during the third quarter. Haverford Financial Services Inc. now owns 316,687 shares of the cable giant’s stock worth $12,186,000 after purchasing an additional 2,575 shares during the last quarter. Institutional investors own 82.08% of the company’s stock.
Comcast opened at $32.34 on Tuesday, according to MarketBeat Ratings. The firm has a market capitalization of $151.97 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.20 and a beta of 1.19. Comcast has a twelve month low of $30.43 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.74 billion. Comcast had a return on equity of 16.14% and a net margin of 26.79%. Comcast’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. sell-side analysts anticipate that Comcast will post 2.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 3rd will be issued a $0.19 dividend. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.35%. Comcast’s payout ratio is 36.89%.
CMCSA has been the subject of several recent analyst reports. TD Securities upped their target price on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. ValuEngine cut Comcast from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Atlantic Securities downgraded shares of Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. Macquarie reiterated a “hold” rating and set a $38.00 price target on shares of Comcast in a report on Sunday, April 29th. Finally, UBS lowered their price target on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.23.
In related news, Chairman Brian L. Roberts sold 691,105 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the sale, the chairman now directly owns 1,717,788 shares in the company, valued at $62,750,795.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 1,891 shares of the stock in a transaction on Monday, March 19th. The shares were 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 $92,026. The disclosure for this sale can be found here. Insiders sold 1,210,111 shares of company stock valued at $44,299,007 over the last 90 days. 1.28% of the stock is currently owned by company insiders.
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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