Trust Co. of Oklahoma decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,457 shares of the cable giant’s stock after selling 1,575 shares during the quarter. Trust Co. of Oklahoma’s holdings in Comcast were worth $299,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. Massachusetts Financial Services Co. MA raised its stake in Comcast by 9.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock worth $4,864,907,000 after purchasing an additional 12,823,994 shares in the last quarter. FMR LLC raised its position in shares of Comcast by 7.5% in the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after buying an additional 7,812,415 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Comcast by 108.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock valued at $1,158,311,000 after buying an additional 17,663,290 shares in the last quarter. Boston Partners raised its position in shares of Comcast by 23.7% in the 2nd quarter. Boston Partners now owns 22,787,062 shares of the cable giant’s stock valued at $747,643,000 after buying an additional 4,358,705 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Comcast by 43.9% in the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock valued at $800,167,000 after buying an additional 6,893,674 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
CMCSA stock opened at $34.62 on Friday. The company has a market cap of $164.46 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.12 and a beta of 1.19. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $44.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The business had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. As a group, research analysts expect that Comcast Co. will post 2.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is 36.89%.
Several equities analysts have recently commented on the stock. Pivotal Research restated a “buy” rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, June 26th. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Friday. Robert W. Baird dropped their target price on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. Finally, Raymond James upgraded shares of Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.96.
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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