Comcast Co. (CMCSA) Shares Bought by Lido Advisors LLC

Lido Advisors LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,216 shares of the cable giant’s stock after purchasing an additional 1,655 shares during the quarter. Lido Advisors LLC’s holdings in Comcast were worth $645,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CMCSA. Evercore Wealth Management LLC raised its position in Comcast by 3.2% in the 3rd quarter. Evercore Wealth Management LLC now owns 72,020 shares of the cable giant’s stock worth $2,550,000 after purchasing an additional 2,247 shares during the period. WEALTHFRONT Corp raised its position in Comcast by 19.4% in the 3rd quarter. WEALTHFRONT Corp now owns 165,176 shares of the cable giant’s stock worth $5,849,000 after purchasing an additional 26,872 shares during the period. Utah Retirement Systems raised its position in Comcast by 0.4% in the 3rd quarter. Utah Retirement Systems now owns 850,114 shares of the cable giant’s stock worth $30,103,000 after purchasing an additional 3,700 shares during the period. First Republic Investment Management Inc. raised its position in Comcast by 37.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 2,428,848 shares of the cable giant’s stock worth $86,006,000 after purchasing an additional 666,670 shares during the period. Finally, Wedbush Securities Inc. raised its position in Comcast by 21.0% in the 3rd quarter. Wedbush Securities Inc. now owns 51,257 shares of the cable giant’s stock worth $1,815,000 after purchasing an additional 8,879 shares during the period. Institutional investors and hedge funds own 79.99% of the company’s stock.

In related news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

NASDAQ CMCSA opened at $37.41 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a market cap of $175.93 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The firm had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. On average, equities analysts predict that Comcast Co. will post 2.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. Comcast’s dividend payout ratio is presently 36.89%.

A number of equities analysts have commented on CMCSA shares. JPMorgan Chase & Co. started coverage on shares of Comcast in a research note on Friday, October 12th. They issued an “overweight” rating and a $42.00 target price on the stock. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. Pivotal Research dropped their target price on shares of Comcast from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 2nd. UBS Group downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Finally, KeyCorp upped their target price on shares of Comcast from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 26th. Nine analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $44.61.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thelincolnianonline.com/2018/12/08/comcast-co-cmcsa-shares-bought-by-lido-advisors-llc.html.

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.

See Also: Average Daily Trade Volume – What You Need to Know

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).

Institutional Ownership by Quarter for Comcast (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.

Leave a Reply