DF Dent & Co. Inc. Boosts Stake in Comcast (CMCSA)

DF Dent & Co. Inc. lifted its stake in shares of Comcast (NASDAQ:CMCSA) by 14.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 122,256 shares of the cable giant’s stock after buying an additional 15,850 shares during the quarter. DF Dent & Co. Inc.’s holdings in Comcast were worth $4,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Crewe Advisors LLC acquired a new stake in Comcast in the 4th quarter worth about $102,000. Vigilant Capital Management LLC raised its stake in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after purchasing an additional 2,134 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Comcast in the 3rd quarter worth about $104,000. Clear Perspective Advisors LLC raised its stake in 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 purchasing an additional 1,362 shares in the last quarter. Finally, Tower View Investment Management & Research LLC acquired a new stake in Comcast in the 4th quarter worth about $109,000. Institutional investors own 83.54% of the company’s stock.

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In other Comcast news, EVP Arthur R. Block sold 2,471 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $87,967.60. Following the sale, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $2,242,372.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 6,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $34.84, for a total transaction of $233,428.00. Following the sale, the executive vice president now directly owns 62,988 shares in the company, valued at $2,194,501.92. The disclosure for this sale can be found here. Insiders have sold a total of 1,400,867 shares of company stock worth $52,408,044 over the last ninety days. 1.28% of the stock is currently owned by insiders.

Shares of Comcast stock opened at $33.21 on Monday. The company has a market cap of $154,244.06, a P/E ratio of 16.12, a P/E/G ratio of 1.22 and a beta of 1.17. 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 has a 1 year low of $32.74 and a 1 year high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. equities research analysts forecast that Comcast will post 2.47 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. 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. This represents a $0.76 annualized dividend and a dividend yield of 2.29%. Comcast’s payout ratio is 36.89%.

CMCSA has been the subject of several analyst reports. TD Securities lifted their price objective on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Nomura reiterated a “neutral” rating and issued a $42.00 price objective (down previously from $45.00) on shares of Comcast in a research note on Thursday, January 18th. ValuEngine cut shares of Comcast from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Buckingham Research lifted their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, BidaskClub cut shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.84.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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