Cpwm LLC Takes $379,000 Position in Comcast Co. (CMCSA)

Cpwm LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) during the third quarter, Holdings Channel reports. The firm acquired 10,698 shares of the cable giant’s stock, valued at approximately $379,000.

Several other large investors have also made changes to their positions in the company. People s United Financial Inc. increased its holdings in Comcast by 10.7% during the 3rd quarter. People s United Financial Inc. now owns 206,750 shares of the cable giant’s stock worth $7,365,000 after purchasing an additional 19,905 shares in the last quarter. U S Global Investors Inc bought a new stake in Comcast during the 3rd quarter worth approximately $518,000. Cahill Financial Advisors Inc. bought a new stake in Comcast during the 3rd quarter worth approximately $233,000. Marathon Trading Investment Management LLC increased its holdings in Comcast by 114.5% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 10,526 shares of the cable giant’s stock worth $373,000 after purchasing an additional 83,027 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Comcast in the 3rd quarter worth approximately $442,000. 79.99% of the stock is currently owned by institutional investors.

CMCSA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Comcast in a research note on Friday, October 12th. They issued an “overweight” rating and a $42.00 target price on the stock. BidaskClub upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 2nd. Scotiabank set a $48.00 target price on Comcast and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Pivotal Research restated a “buy” rating and issued a $48.00 target price on shares of Comcast in a research note on Thursday, September 20th. Finally, Credit Suisse Group upgraded Comcast from a “neutral” rating to an “outperform” rating in a research note on Friday, October 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Comcast currently has an average rating of “Buy” and an average target price of $44.61.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares in the company, valued at $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 stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

Comcast stock opened at $37.88 on Friday. The company has a market capitalization of $175.05 billion, a P/E ratio of 18.39, a PEG ratio of 1.19 and a beta of 0.92. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. On average, analysts predict that Comcast Co. will post 2.54 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be given 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 2.01%. Comcast’s dividend payout ratio is currently 36.89%.

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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.

Further Reading: NASDAQ

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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