Measured Wealth Private Client Group LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 65.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,589 shares of the cable giant’s stock after selling 14,214 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Comcast were worth $342,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Archford Capital Strategies LLC grew its position in shares of Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after acquiring an additional 240 shares during the period. Ironwood Investment Counsel LLC grew its position in shares of Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after acquiring an additional 243 shares during the period. SevenBridge Financial Group LLC grew its position in shares of Comcast by 0.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock valued at $1,752,000 after acquiring an additional 249 shares during the period. Intellectus Partners LLC grew its position in shares of Comcast by 2.8% during the 2nd quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock valued at $385,000 after acquiring an additional 251 shares during the period. Finally, Assetmark Inc. grew its position in shares of Comcast by 1.6% during the 2nd quarter. Assetmark Inc. now owns 15,928 shares of the cable giant’s stock valued at $673,000 after acquiring an additional 251 shares during the period. Institutional investors own 82.75% of the company’s stock.
In other news, Director Kenneth J. Bacon sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.
Shares of Comcast stock traded up $0.77 during trading on Friday, hitting $45.27. 3,198,736 shares of the stock were exchanged, compared to its average volume of 16,185,189. The stock has a market cap of $200.48 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.21 and a beta of 1.08. The firm’s 50-day moving average price is $45.06 and its 200 day moving average price is $43.15. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $47.27. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. During the same period in the previous year, the company earned $0.65 earnings per share. Comcast’s quarterly revenue was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 3.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
A number of research analysts have weighed in on CMCSA shares. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th. Wells Fargo & Co started coverage on shares of Comcast in a research note on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 target price on the stock. Cfra set a $50.00 target price on shares of Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Citigroup raised their target price on shares of Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Raymond James lowered shares of Comcast from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $48.70.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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