Heritage Family Offices LLP boosted its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,131 shares of the cable giant’s stock after purchasing an additional 1,657 shares during the quarter. Heritage Family Offices LLP’s holdings in Comcast were worth $1,093,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. One Capital Management LLC purchased a new position in shares of Comcast in the 2nd quarter worth about $471,000. Perennial Investment Advisors LLC grew its holdings in shares of Comcast by 12.7% during the 2nd quarter. Perennial Investment Advisors LLC now owns 7,035 shares of the cable giant’s stock worth $275,000 after purchasing an additional 790 shares during the period. Axxcess Wealth Management LLC increased its position in Comcast by 5.5% during the 2nd quarter. Axxcess Wealth Management LLC now owns 140,102 shares of the cable giant’s stock worth $5,486,000 after purchasing an additional 7,322 shares in the last quarter. E Fund Management Co. Ltd. raised its holdings in Comcast by 5.1% in the second quarter. E Fund Management Co. Ltd. now owns 58,078 shares of the cable giant’s stock valued at $2,274,000 after buying an additional 2,843 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Comcast by 5.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 873,614 shares of the cable giant’s stock valued at $34,211,000 after buying an additional 41,592 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CMCSA. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.33.
Insider Buying and Selling at Comcast
In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.
Comcast Price Performance
Shares of CMCSA stock opened at $36.50 on Thursday. The firm has a market cap of $139.67 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.33 and a beta of 1.01. The firm has a fifty day moving average of $40.44 and a two-hundred day moving average of $40.23. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company earned $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.
Comcast Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.
Comcast Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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