WMS Partners LLC Has $410,000 Position in Comcast Corporation (CMCSA)
WMS Partners LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,660 shares of the cable giant’s stock after acquiring an additional 1,882 shares during the quarter. WMS Partners LLC’s holdings in Comcast were worth $410,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Zions Bancorporation grew its holdings in shares of Comcast by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast in the second quarter valued at $107,000. First Bank & Trust grew its holdings in shares of 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 purchasing an additional 1,302 shares in the last quarter. Finally, Founders Capital Management purchased a new position in shares of Comcast in the first quarter valued at $113,000. 82.13% of the stock is owned by institutional investors.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 593,556 shares of company stock valued at $22,958,411 in the last ninety days. Corporate insiders own 1.28% of the company’s stock.
A number of brokerages recently issued reports on CMCSA. Nomura lowered their price target on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. KeyCorp restated a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. Royal Bank of Canada restated a “buy” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. 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. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. One equities 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 currently has a consensus rating of “Buy” and an average target price of $45.72.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $40.82 on Wednesday. Comcast Corporation has a 52 week low of $34.12 and a 52 week high of $42.18. The firm has a market capitalization of $190,596.38, a PE ratio of 19.67, a PEG ratio of 1.96 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. research analysts forecast that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.54%. Comcast’s payout ratio is 30.36%.
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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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