Haverford Financial Services Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 361,312 shares of the cable giant’s stock after selling 1,823 shares during the quarter. Comcast accounts for 5.5% of Haverford Financial Services Inc.’s portfolio, making the stock its 2nd biggest position. Haverford Financial Services Inc.’s holdings in Comcast were worth $16,288,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Comcast by 2.0% in the second quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after purchasing an additional 7,792,136 shares during the last quarter. BlackRock Inc. boosted its position in Comcast by 2.7% in the second quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after purchasing an additional 8,635,296 shares during the last quarter. Invesco Ltd. boosted its position in Comcast by 3.0% in the second quarter. Invesco Ltd. now owns 61,356,936 shares of the cable giant’s stock worth $2,594,171,000 after purchasing an additional 1,759,655 shares during the last quarter. Northern Trust Corp boosted its position in Comcast by 1.9% in the second quarter. Northern Trust Corp now owns 54,866,448 shares of the cable giant’s stock worth $2,319,753,000 after purchasing an additional 1,009,589 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Comcast by 9.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 53,688,862 shares of the cable giant’s stock worth $2,269,965,000 after purchasing an additional 4,446,292 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.
Several research analysts have weighed in on the company. Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a research report on Thursday, September 5th. Wolfe Research set a $56.00 price target on Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Co initiated coverage on Comcast in a research report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 price target on the stock. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Pivotal Research upped their price target on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.52.
CMCSA traded up $0.49 during trading on Friday, reaching $45.19. 13,729,416 shares of the company were exchanged, compared to its average volume of 17,858,813. The company’s 50-day moving average is $45.18 and its two-hundred day moving average is $43.79. The company has a market cap of $201.44 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.18 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $47.27.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 24th. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $26.83 billion for the quarter, compared to analysts’ expectations of $26.77 billion. Comcast had a return on equity of 24.25% and a net margin of 11.45%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Equities analysts forecast that Comcast Co. will post 3.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. Comcast’s dividend payout ratio (DPR) is 32.94%.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the transaction, the senior vice president now directly owns 3,419 shares in the company, valued at approximately $151,222.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheldon M. Bonovitz sold 5,600 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $45.47, for a total value of $254,632.00. Following the completion of the transaction, the director now owns 27,912 shares in the company, valued at $1,269,158.64. The disclosure for this sale can be found here. Insiders have sold a total of 518,696 shares of company stock worth $23,333,254 in the last three months. 1.35% of the stock is currently owned by insiders.
Comcast Company Profile
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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