Comcast Co. (CMCSA) Position Lifted by Capital Insight Partners LLC
Capital Insight Partners LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 90.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,814 shares of the cable giant’s stock after buying an additional 16,975 shares during the quarter. Capital Insight Partners LLC’s holdings in Comcast were worth $1,434,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Wealthcare Advisory Partners LLC acquired a new position in shares of Comcast in the third quarter valued at about $104,000. Clear Perspective Advisors LLC increased 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 during the period. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast in the second quarter valued at about $107,000. Willingdon Wealth Management acquired a new position in shares of Comcast in the third quarter valued at about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in shares of Comcast in the second quarter valued at about $165,000. 82.52% of the stock is currently owned by institutional investors.
A number of research analysts have recently weighed in on CMCSA shares. Morgan Stanley increased their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Pivotal Research increased their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. TD Securities lowered Comcast from an “action list buy” rating to a “buy” rating and increased their price objective for the company from $42.60 to $51.00 in a report on Friday, January 12th. Barclays cut their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.74.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. Comcast’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. analysts predict that Comcast Co. will post 2.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.93%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is 13.18%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is owned by corporate insiders.
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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