TRUE Private Wealth Advisors lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,742 shares of the cable giant’s stock after acquiring an additional 459 shares during the period. TRUE Private Wealth Advisors’ holdings in Comcast were worth $1,840,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors grew its position in Comcast by 363.4% in the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after purchasing an additional 96,201,446 shares during the period. FMR LLC grew its position in Comcast by 10.2% in the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after purchasing an additional 11,459,543 shares during the period. Bank of Montreal Can boosted its stake in shares of Comcast by 43.9% during the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after acquiring an additional 6,893,674 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Comcast by 17.6% during the 3rd quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock valued at $1,298,992,000 after buying an additional 5,499,850 shares in the last quarter. Finally, Canyon Capital Advisors LLC purchased a new position in shares of Comcast during the 2nd quarter valued at $147,645,000. 79.98% of the stock is owned by institutional investors.
In related news, EVP Arthur R. Block sold 4,129 shares of the stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $33.80, for a total transaction of $139,560.20. Following the completion of the sale, the executive vice president now owns 67,912 shares of the company’s stock, valued at $2,295,425.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 7,636 shares of the stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $37.04, for a total transaction of $282,837.44. Following the sale, the director now directly owns 33,603 shares of the company’s stock, valued at approximately $1,244,655.12. The disclosure for this sale can be found here. Insiders have sold 17,508 shares of company stock valued at $631,500 in the last three months. 1.31% of the stock is currently owned by corporate insiders.
Comcast stock opened at $36.21 on Tuesday. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $44.00. The stock has a market capitalization of $168.18 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 0.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The firm had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, research analysts expect that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 2.10%. Comcast’s payout ratio is 36.89%.
Several analysts have commented on the stock. BidaskClub cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 5th. Oppenheimer reiterated a “market perform” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, September 24th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. TD Securities reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $38.00 target price on shares of Comcast in a report on Monday, October 22nd. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.40.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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