Laurel Wealth Advisors LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,840 shares of the cable giant’s stock, valued at approximately $97,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Summit Wealth & Retirement Planning Inc. bought a new stake in Comcast during the 4th quarter valued at approximately $301,000. CRA Financial Services LLC bought a new stake in Comcast during the 4th quarter valued at approximately $497,000. Wealth Advisors of Tampa Bay LLC bought a new stake in shares of Comcast in the 4th quarter worth approximately $3,049,000. PNC Financial Services Group Inc. boosted its position in shares of Comcast by 14.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,000,493 shares of the cable giant’s stock worth $340,517,000 after purchasing an additional 1,263,045 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Comcast by 720.5% in the 4th quarter. Acadian Asset Management LLC now owns 647,639 shares of the cable giant’s stock worth $22,053,000 after purchasing an additional 568,710 shares in the last quarter. 79.92% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on CMCSA shares. Barclays started coverage on Comcast in a research report on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 price target on the stock. BidaskClub raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 17th. Wolfe Research started coverage on Comcast in a research report on Friday, December 7th. They issued an “outperform” rating on the stock. Macquarie reissued a “hold” rating and issued a $39.00 price target on shares of Comcast in a research report on Monday, December 24th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $44.00 price target on shares of Comcast in a research report on Tuesday, January 22nd. Nine research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $43.76.
Shares of NASDAQ CMCSA opened at $39.49 on Wednesday. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $39.73. The company has a market capitalization of $181.93 billion, a P/E ratio of 15.49, a PEG ratio of 1.15 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The company had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 26.1% on a year-over-year basis. Sell-side analysts expect that Comcast Co. will post 2.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is presently 29.80%.
In other Comcast news, SVP Daniel C. Murdock sold 845 shares of the business’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total transaction of $30,039.75. Following the completion of the sale, the senior vice president now directly owns 1,005 shares in the company, valued at approximately $35,727.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 4,129 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 67,912 shares of the company’s stock, valued at $2,295,425.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 912,661 shares of company stock valued at $34,195,979. 1.31% of the stock is owned by company insiders.
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Comcast Company Profile
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.
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