Donaldson Capital Management LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,021 shares of the cable giant’s stock after purchasing an additional 15,250 shares during the quarter. Donaldson Capital Management LLC’s holdings in Comcast were worth $4,519,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Liberty Wealth Management LLC bought a new stake in Comcast in the fourth quarter valued at about $150,000. Machina Capital S.A.S. bought a new stake in Comcast in the fourth quarter valued at about $1,975,000. Pinnacle Bank bought a new stake in Comcast in the fourth quarter valued at about $225,000. Centric Wealth Management bought a new stake in Comcast in the fourth quarter valued at about $711,000. Finally, Van Leeuwen & Company LLC bought a new stake in Comcast in the fourth quarter valued at about $356,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.
In related news, SVP Daniel C. Murdock sold 845 shares of the company’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $35.55, for a total transaction of $30,039.75. Following the sale, the senior vice president now owns 1,005 shares in the company, valued at $35,727.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel C. Murdock sold 919 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the sale, the chief accounting officer now owns 3,453 shares in the company, valued at approximately $139,363.08. The disclosure for this sale can be found here. Insiders have sold 1,290,226 shares of company stock valued at $49,311,328 over the last ninety days. 1.31% of the stock is owned by insiders.
CMCSA has been the subject of a number of research analyst reports. Macquarie reissued a “hold” rating and issued a $39.00 target price on shares of Comcast in a research note on Monday, December 24th. Credit Suisse Group reissued a “buy” rating and issued a $44.00 target price on shares of Comcast in a research note on Tuesday, January 22nd. TD Securities boosted their target price on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. BidaskClub cut Comcast from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.45.
CMCSA stock opened at $42.43 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. The stock has a market cap of $197.07 billion, a PE ratio of 16.64, a PEG ratio of 1.19 and a beta of 1.10. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $42.83.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. Comcast’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 2.84 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This is a boost from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is currently 32.94%.
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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, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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