American International Group Inc. cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,080,495 shares of the cable giant’s stock after selling 88,016 shares during the period. American International Group Inc.’s holdings in Comcast were worth $80,057,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Pennsylvania Trust Co raised its position in shares of Comcast by 19.1% during the 2nd quarter. Pennsylvania Trust Co now owns 647,172 shares of the cable giant’s stock valued at $25,188,000 after buying an additional 103,959 shares during the period. NN Investment Partners Holdings N.V. grew its stake in shares of Comcast by 63.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 4,087,542 shares of the cable giant’s stock worth $159,087,000 after acquiring an additional 1,584,977 shares in the last quarter. Bank of The West grew its stake in shares of Comcast by 4.5% in the second quarter. Bank of The West now owns 268,587 shares of the cable giant’s stock worth $10,454,000 after acquiring an additional 11,470 shares in the last quarter. Union Bankshares Corp grew its stake in shares of Comcast by 1.2% in the second quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock worth $340,000 after acquiring an additional 101 shares in the last quarter. Finally, Northstar Group Inc. grew its stake in shares of Comcast by 11.2% in the second quarter. Northstar Group Inc. now owns 9,228 shares of the cable giant’s stock worth $359,000 after acquiring an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 82.52% of the company’s stock.
In other news, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now directly owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is currently owned by insiders.
Several research firms have commented on CMCSA. Macquarie restated a “buy” rating and issued a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research reiterated a “buy” rating and set a $52.00 target price on shares of Comcast in a research note on Wednesday, January 24th. SunTrust Banks boosted their target price on shares of Comcast to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. OTR Global downgraded shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Finally, Barclays decreased their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.74.
Shares of Comcast Co. (NASDAQ:CMCSA) traded down $0.03 during trading on Monday, reaching $38.54. 30,682,529 shares of the company’s stock were exchanged, compared to its average volume of 26,382,523. The stock has a market capitalization of $180,130.00, a PE ratio of 8.06, a PEG ratio of 1.48 and a beta of 1.04. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts predict that Comcast Co. will post 2.46 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 13.18%.
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Comcast Company Profile
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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