Planning Directions Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,518 shares of the cable giant’s stock after selling 288 shares during the quarter. Planning Directions Inc.’s holdings in Comcast were worth $698,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Outlook Wealth Advisors LLC increased its stake in Comcast by 2.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 9,741 shares of the cable giant’s stock worth $439,000 after acquiring an additional 219 shares during the last quarter. Barber Financial Group Inc. increased its stake in Comcast by 4.7% in the 3rd quarter. Barber Financial Group Inc. now owns 5,295 shares of the cable giant’s stock worth $241,000 after acquiring an additional 236 shares during the last quarter. First Command Financial Services Inc. increased its position in shares of Comcast by 2.1% during the 4th quarter. First Command Financial Services Inc. now owns 11,318 shares of the cable giant’s stock valued at $509,000 after purchasing an additional 237 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Comcast by 3.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 6,853 shares of the cable giant’s stock valued at $309,000 after purchasing an additional 241 shares during the last quarter. Finally, Personal Wealth Partners increased its position in shares of Comcast by 44.2% during the 3rd quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock valued at $36,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 82.54% of the company’s stock.
CMCSA has been the subject of several analyst reports. Morgan Stanley set a $53.00 target price on Comcast and gave the company a “buy” rating in a report on Friday, October 25th. TD Securities dropped their target price on Comcast from $57.00 to $54.00 and set a “buy” rating for the company in a report on Friday, December 20th. Pivotal Research increased their target price on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Benchmark initiated coverage on Comcast in a report on Wednesday, September 25th. They set a “buy” rating and a $64.00 target price for the company. Finally, Wolfe Research set a $56.00 target price on Comcast and gave the company a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $50.38.
NASDAQ CMCSA traded up $0.40 on Tuesday, hitting $46.20. The company’s stock had a trading volume of 5,221,738 shares, compared to its average volume of 17,137,148. Comcast Co. has a 52-week low of $34.67 and a 52-week high of $47.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. The company’s 50-day simple moving average is $44.29 and its 200 day simple moving average is $44.40. The firm has a market cap of $204.63 billion, a P/E ratio of 18.12, a PEG ratio of 1.13 and a beta of 1.05.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 17.97% and a net margin of 11.45%. The business had revenue of $26.83 billion during the quarter, compared to analysts’ expectations of $26.77 billion. During the same quarter last year, the business posted $0.65 EPS. The business’s revenue was up 21.2% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 3.1 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, January 7th. Comcast’s dividend payout ratio (DPR) is currently 32.94%.
In other news, Director Sheldon M. Bonovitz sold 5,600 shares of the firm’s stock in a transaction that occurred on 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 approximately $1,269,158.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $44.98, for a total value of $22,860,995.04. Following the completion of the transaction, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at approximately $184,801,319.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 591,948 shares of company stock valued at $26,526,254. Company insiders own 1.35% of the company’s stock.
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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