Stratos Wealth Partners LTD. Has $1.87 Million Position in Comcast Corporation (CMCSA)

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.

COPYRIGHT VIOLATION WARNING: “Stratos Wealth Partners LTD. Has $1.87 Million Position in Comcast Corporation (CMCSA)” was reported by Stock Observer and is the property of of Stock Observer. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thestockobserver.com/2018/01/13/stratos-wealth-partners-ltd-has-1-87-million-position-in-comcast-corporation-cmcsa.html.

Comcast 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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply