Cibc Bank USA lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,757 shares of the cable giant’s stock after acquiring an additional 1,409 shares during the period. Cibc Bank USA’s holdings in Comcast were worth $1,913,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Clarius Group LLC raised its holdings in shares of 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 buying an additional 32 shares during the period. GM Advisory Group Inc. increased its holdings in Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its holdings in Comcast by 0.9% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock worth $358,000 after purchasing an additional 81 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Comcast by 0.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock worth $712,000 after purchasing an additional 93 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC increased its holdings in Comcast by 0.7% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 14,069 shares of the cable giant’s stock worth $548,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 82.26% of the company’s stock.
In related news, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was 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 owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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 disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock valued at $31,070,439 in the last 90 days. Insiders own 1.28% of the company’s stock.
Several equities research analysts have issued reports on CMCSA shares. Nomura dropped their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Evercore ISI restated an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Buckingham Research lifted their price objective on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and lifted their price objective for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Finally, Scotiabank set a $52.00 price objective on Comcast and gave the stock a “buy” rating in a report on Friday, January 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.74.
Shares of Comcast Co. (CMCSA) opened at $39.47 on Wednesday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $184,804.94, a P/E ratio of 19.32, a PEG ratio of 1.53 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. sell-side analysts predict that Comcast Co. will post 2.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.93%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is currently 13.21%.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.