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.
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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