Massey Quick & Co. LLC cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 18.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,800 shares of the cable giant’s stock after selling 866 shares during the period. Massey Quick & Co. LLC’s holdings in Comcast were worth $148,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. Biegel & Waller LLC acquired a new position in shares of Comcast in the 2nd quarter valued at $432,000. Penobscot Investment Management Company Inc. raised its stake in shares of Comcast by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after buying an additional 2,828 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Comcast by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after buying an additional 186,920 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Comcast by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after buying an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors raised its stake in shares of Comcast by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after buying an additional 13,003 shares in the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on CMCSA shares. Nomura dropped their target price on shares of Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. KeyCorp reiterated a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, October 18th. UBS reiterated an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Finally, Robert W. Baird reiterated a “buy” rating and set a $43.00 target price on shares of Comcast in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average target price of $45.93.
Shares of Comcast Corporation (CMCSA) opened at $38.63 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $184,707.44, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. Comcast Corporation has a 1 year low of $34.03 and a 1 year high of $42.18.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. equities research analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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