Anchor Capital Advisors LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 548,647 shares of the cable giant’s stock after selling 17,750 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Comcast were worth $19,428,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Univest Corp of Pennsylvania increased its stake in Comcast by 1.5% in the third quarter. Univest Corp of Pennsylvania now owns 133,948 shares of the cable giant’s stock valued at $4,743,000 after purchasing an additional 1,944 shares during the last quarter. Aureus Asset Management LLC increased its stake in Comcast by 12.1% in the second quarter. Aureus Asset Management LLC now owns 44,208 shares of the cable giant’s stock valued at $1,450,000 after purchasing an additional 4,778 shares during the last quarter. Cox Capital Co LLC acquired a new position in Comcast in the second quarter valued at $1,007,000. BBT Capital Management LLC acquired a new position in Comcast in the second quarter valued at $5,906,000. Finally, Wasatch Advisors Inc. increased its stake in Comcast by 8.2% in the second quarter. Wasatch Advisors Inc. now owns 68,900 shares of the cable giant’s stock valued at $2,261,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Shares of NASDAQ:CMCSA opened at $37.66 on Friday. The stock has a market cap of $174.91 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.19 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The company had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. Research analysts predict that Comcast Co. will post 2.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
In other news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares in the company, valued at $2,648,369.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.
Several research firms recently commented on CMCSA. Pivotal Research reiterated a “buy” rating on shares of Comcast in a research note on Friday, August 10th. Atlantic Securities upgraded Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, August 6th. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Wednesday. Oppenheimer reiterated a “market perform” rating and issued a $42.00 target price on shares of Comcast in a research note on Monday, September 24th. Finally, Credit Suisse Group began coverage on Comcast in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.71.
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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