Twin Capital Management Inc. decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,313 shares of the cable giant’s stock after selling 612 shares during the period. Comcast comprises approximately 0.8% of Twin Capital Management Inc.’s investment portfolio, making the stock its 28th largest holding. Twin Capital Management Inc.’s holdings in Comcast were worth $11,464,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CMCSA. Krane Funds Advisors LLC purchased a new position in Comcast in the 2nd quarter valued at $25,000. Evolution Wealth Advisors LLC purchased a new position in Comcast in the 2nd quarter valued at $26,000. Mackey Komara & Dankovich LLC lifted its holdings in Comcast by 52.2% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,032 shares of the cable giant’s stock valued at $29,000 after purchasing an additional 354 shares in the last quarter. Bray Capital Advisors purchased a new position in Comcast in the 2nd quarter valued at $30,000. Finally, Litman Gregory Asset Management LLC purchased a new position in Comcast in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 82.82% of the company’s stock.
Shares of CMCSA traded down $0.21 during midday trading on Monday, reaching $45.44. The company had a trading volume of 1,070,146 shares, compared to its average volume of 14,283,806. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $47.27. The stock has a market cap of $203.80 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The firm has a 50 day simple moving average of $45.61 and a 200-day simple moving average of $43.57. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Comcast had a return on equity of 17.97% and a net margin of 11.45%. The business had revenue of $26.83 billion during the quarter, compared to the consensus estimate of $26.77 billion. During the same period last year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Co. will post 3.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Tuesday, January 7th. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
A number of research analysts have weighed in on the company. Benchmark assumed coverage on Comcast in a report on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price objective on the stock. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Sanford C. Bernstein assumed coverage on Comcast in a report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 price objective on the stock. Morgan Stanley set a $53.00 price objective on Comcast and gave the company a “buy” rating in a report on Friday. Finally, Oppenheimer upgraded Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective on the stock in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $50.41.
In related news, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was 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 approximately $151,222.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the sale, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.
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.
Further Reading: Stock Symbols and CUSIP Explained
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