C M Bidwell & Associates Ltd. lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 11,966.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,929 shares of the cable giant’s stock after buying an additional 8,855 shares during the period. C M Bidwell & Associates Ltd.’s holdings in Comcast were worth $316,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. IMA Wealth Inc. bought a new position in Comcast during the 2nd quarter valued at about $108,000. Acropolis Investment Management LLC purchased a new stake in Comcast in the 3rd quarter valued at about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Comcast in the 2nd quarter valued at about $129,000. Resources Investment Advisors Inc. boosted its position in Comcast by 51.4% in the 2nd quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock valued at $147,000 after buying an additional 1,516 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Comcast in the 3rd quarter valued at about $149,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.
Shares of CMCSA opened at $37.69 on Thursday. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.00. The company has a market capitalization of $175.05 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The firm had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, equities analysts expect that Comcast Co. will post 2.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.02%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
Several equities research analysts have issued reports on CMCSA shares. Pivotal Research reissued a “buy” rating on shares of Comcast in a research report on Friday, August 10th. ValuEngine raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. UBS Group cut shares of Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Oppenheimer reissued a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, September 24th. Finally, Moffett Nathanson reissued a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, September 24th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.61.
In related 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 completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a document filed with the SEC, 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 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. Insiders own 1.31% of the company’s stock.
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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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