Union Bankshares Corp reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,743 shares of the cable giant’s stock after selling 1,512 shares during the period. Union Bankshares Corp’s holdings in Comcast were worth $350,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. MPS Loria Financial Planners LLC bought a new stake in shares of Comcast in the 2nd quarter worth about $107,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Comcast in the 3rd quarter worth about $104,000. Clear Perspective Advisors LLC increased its holdings in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. Willingdon Wealth Management bought a new stake in shares of Comcast in the 3rd quarter worth about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Comcast in the 2nd quarter worth about $165,000. Institutional investors own 82.52% of the company’s stock.
Shares of Comcast Co. (CMCSA) opened at $38.57 on Monday. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The firm has a market cap of $179,138.63, a P/E ratio of 8.09, a PEG ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. research analysts expect that Comcast Co. will post 2.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is 13.21%.
In related news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 784,158 shares of company stock valued at $31,070,439. 1.28% of the stock is currently owned by company insiders.
A number of research firms have recently weighed in on CMCSA. Pivotal Research restated a “buy” rating and issued a $52.00 target price on shares of Comcast in a report on Wednesday, January 24th. Wells Fargo & Co boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Bank of America upped their price target on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.74.
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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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