Atlantic Union Bankshares Corp increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 69,852 shares of the cable giant’s stock after purchasing an additional 620 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Comcast were worth $3,142,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Guidant Wealth Advisors acquired a new position in Comcast during the 3rd quarter worth $31,000. Personal Wealth Partners lifted its position in shares of Comcast by 44.2% during the third quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock worth $36,000 after purchasing an additional 242 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in Comcast in the third quarter worth about $42,000. Ellevest Inc. grew its stake in Comcast by 33.7% in the second quarter. Ellevest Inc. now owns 1,015 shares of the cable giant’s stock worth $43,000 after purchasing an additional 256 shares in the last quarter. Finally, Bourgeon Capital Management LLC bought a new stake in Comcast in the third quarter valued at about $45,000. 82.54% of the stock is owned by hedge funds and other institutional investors.
In other Comcast news, Director Sheldon M. Bonovitz sold 5,600 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total value of $254,632.00. Following the completion of the transaction, the director now directly owns 27,912 shares of the company’s stock, valued at $1,269,158.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 508,248 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the transaction, the chief executive officer now directly owns 4,108,522 shares of the company’s stock, valued at $184,801,319.56. The disclosure for this sale can be found here. Insiders have sold 591,948 shares of company stock worth $26,526,254 in the last 90 days. Company insiders own 1.35% of the company’s stock.
Several analysts have weighed in on CMCSA shares. Wolfe Research set a $56.00 target price on shares of Comcast and gave the company a “buy” rating in a research note on Friday, October 25th. Guggenheim set a $57.00 price target on shares of Comcast and gave the stock a “buy” rating in a research report on Friday, October 25th. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup raised their price target on shares of Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Comcast in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $50.38.
Shares of CMCSA traded up $0.37 during mid-day trading on Tuesday, reaching $46.17. The company had a trading volume of 506,718 shares, compared to its average volume of 17,137,148. Comcast Co. has a twelve month low of $34.67 and a twelve month high of $47.27. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day moving average is $44.29 and its 200-day moving average is $44.40. The company has a market capitalization of $204.63 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.13 and a beta of 1.05.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 17.97% and a net margin of 11.45%. The business had revenue of $26.83 billion during the quarter, compared to analysts’ expectations of $26.77 billion. During the same period in the prior year, the firm posted $0.65 EPS. Comcast’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 3.1 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Tuesday, January 7th. Comcast’s payout ratio is presently 32.94%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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