Bbva Compass Bancshares Inc. trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 261,643 shares of the cable giant’s stock after selling 14,653 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Comcast were worth $10,068,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC increased its holdings in shares of Comcast by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. raised its stake in Comcast by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares during the period. Clarius Group LLC raised its stake in Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. raised its stake in Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH raised its stake in Comcast by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 59 shares during the period. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Several analysts have issued reports on the stock. TD Securities downgraded shares of Comcast from an “action list buy” rating to a “buy” rating and boosted their target price for the company from $42.60 to $51.00 in a research note on Friday. Morgan Stanley boosted their target price on shares of Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Evercore ISI reissued an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research boosted their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Pivotal Research reissued a “buy” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average target price of $46.15.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $42.44 on Friday. The stock has a market cap of $198,350.00, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.88 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $42.71. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. analysts anticipate that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 over the last quarter. 1.28% of the stock is currently owned by corporate insiders.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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