Stratos Wealth Partners LTD. lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,462 shares of the cable giant’s stock after selling 7,661 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Comcast were worth $1,865,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Heritage Wealth Advisors acquired a new position in Comcast in the third quarter valued at about $219,000. Allen Investment Management LLC grew its position in Comcast by 6.3% in the third quarter. Allen Investment Management LLC now owns 3,218,886 shares of the cable giant’s stock valued at $123,863,000 after acquiring an additional 189,973 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Comcast by 1.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,121,207 shares of the cable giant’s stock valued at $43,144,000 after acquiring an additional 17,818 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Comcast by 0.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,458,418 shares of the cable giant’s stock valued at $184,541,000 after acquiring an additional 24,040 shares during the last quarter. Finally, Veritas Investment Management LLP grew its position in Comcast by 6.8% in the third quarter. Veritas Investment Management LLP now owns 1,883,084 shares of the cable giant’s stock valued at $72,433,000 after acquiring an additional 119,540 shares during the last quarter. 82.13% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly 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 this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 over the last quarter. 1.28% of the stock is currently owned by company insiders.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $42.44 on Friday. The firm has a market capitalization of $198,350.00, a PE ratio of 20.02, a PEG ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Corporation has a twelve month low of $34.78 and a twelve month high of $42.71.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts anticipate that Comcast Corporation will post 2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s payout ratio is presently 29.72%.
A number of research analysts have issued reports on CMCSA shares. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Comcast in a research report on Friday, November 17th. Nomura decreased their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Pivotal Research lifted their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $46.15.
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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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