PHH Investments Ltd. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,186 shares of the cable giant’s stock after selling 2,723 shares during the quarter. Comcast makes up approximately 0.5% of PHH Investments Ltd.’s portfolio, making the stock its 26th largest position. PHH Investments Ltd.’s holdings in Comcast were worth $1,392,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Biegel & Waller LLC purchased a new stake in shares of Comcast in the second quarter worth approximately $432,000. Penobscot Investment Management Company Inc. lifted its position in shares of Comcast by 3.0% in the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after purchasing an additional 2,828 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Comcast by 1.4% in the second quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock worth $238,435,000 after purchasing an additional 83,461 shares in the last quarter. iAB Financial Bank purchased a new stake in shares of Comcast in the second quarter worth approximately $244,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Comcast in the second quarter worth approximately $5,993,000. Institutional investors own 82.15% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the 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 transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 784,158 shares of company stock worth $31,070,439. Corporate insiders own 1.28% of the company’s stock.
Comcast Co. (NASDAQ:CMCSA) opened at $39.20 on Tuesday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $192,138.73, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter last year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts forecast that Comcast Co. will post 2.46 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders 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 1.94%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is 13.21%.
A number of analysts have recently issued reports on CMCSA shares. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Pivotal Research reissued a “buy” rating and issued a $50.00 price target on shares of Comcast in a research report on Tuesday, December 19th. Macquarie reissued a “buy” rating and issued a $40.00 price target on shares of Comcast in a research report on Thursday, December 7th. Buckingham Research started coverage on shares of Comcast in a research report on Monday, November 20th. They issued a “buy” rating and a $48.00 price target for the company. Finally, Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.74.
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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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