Hartford Financial Management Inc. increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,237 shares of the cable giant’s stock after acquiring an additional 1,711 shares during the period. Hartford Financial Management Inc.’s holdings in Comcast were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also bought and sold shares of CMCSA. WP Advisors LLC acquired a new stake in shares of Comcast in the second quarter valued at about $105,000. Prentiss Smith & Co. Inc. grew its position in shares of Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock valued at $108,000 after purchasing an additional 2,295 shares during the last quarter. IMA Wealth Inc. acquired a new stake in shares of Comcast in the second quarter valued at about $108,000. Acropolis Investment Management LLC acquired a new stake in shares of Comcast in the third quarter valued at about $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Comcast in the second quarter valued at about $129,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at $2,245,387.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.
Shares of CMCSA opened at $37.66 on Monday. The stock has a market cap of $174.91 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. 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 analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. As a group, sell-side analysts anticipate that Comcast Co. will post 2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s dividend payout ratio is 36.89%.
Several brokerages have recently issued reports on CMCSA. BidaskClub raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Comcast in a research report on Monday, October 22nd. Citigroup assumed coverage on Comcast in a research report on Wednesday, October 24th. They set a “buy” rating and a $48.00 target price on the stock. Finally, MED assumed coverage on Comcast in a research report on Wednesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Comcast currently has a consensus rating of “Buy” and an average target price of $44.71.
Comcast Company Profile
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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