Macquarie Group Ltd. cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,196,469 shares of the cable giant’s stock after selling 88,016 shares during the period. Macquarie Group Ltd.’s holdings in Comcast were worth $46,040,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Perspective Advisors LLC lifted its stake in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast in the second quarter valued at approximately $107,000. First Bank & Trust lifted its stake in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Comcast in the second quarter valued at approximately $165,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Comcast in the second quarter valued at approximately $168,000. 82.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on CMCSA. Pivotal Research boosted their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Barclays reduced their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Wells Fargo & Co restated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. Finally, Buckingham Research began coverage on shares of Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $46.15.
Comcast Co. (NASDAQ:CMCSA) opened at $42.44 on Tuesday. The company has a market cap of $198,354.83, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.87 and a beta of 1.00. Comcast Co. has a one year low of $34.78 and a one year high of $42.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ 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 business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. equities analysts predict that Comcast Co. will post 2.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock worth $22,961,401 in the last three months. Insiders own 1.28% of the company’s stock.
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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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