Mercer Capital Advisers Inc. decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,950 shares of the cable giant’s stock after selling 300 shares during the quarter. Mercer Capital Advisers Inc.’s holdings in Comcast were worth $133,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CMCSA. Outlook Wealth Advisors LLC increased its stake in Comcast by 2.3% in the third quarter. Outlook Wealth Advisors LLC now owns 9,741 shares of the cable giant’s stock worth $439,000 after purchasing an additional 219 shares during the period. Bridge Creek Capital Management LLC increased its stake in Comcast by 0.3% in the fourth quarter. Bridge Creek Capital Management LLC now owns 87,766 shares of the cable giant’s stock worth $3,947,000 after purchasing an additional 220 shares during the period. CFO4Life Group LLC increased its stake in Comcast by 1.1% in the fourth quarter. CFO4Life Group LLC now owns 20,137 shares of the cable giant’s stock worth $906,000 after purchasing an additional 228 shares during the period. Barber Financial Group Inc. increased its stake in Comcast by 4.7% in the third quarter. Barber Financial Group Inc. now owns 5,295 shares of the cable giant’s stock worth $241,000 after purchasing an additional 236 shares during the period. Finally, First Command Bank increased its stake in Comcast by 2.1% in the fourth quarter. First Command Bank now owns 11,318 shares of the cable giant’s stock worth $509,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 82.52% of the company’s stock.
Shares of NASDAQ:CMCSA traded down $1.17 during trading on Friday, hitting $44.48. The stock had a trading volume of 28,110,475 shares, compared to its average volume of 16,276,030. Comcast Co. has a 12-month low of $34.67 and a 12-month high of $47.74. The stock has a market capitalization of $215.82 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.20 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $44.91 and a two-hundred day simple moving average of $44.62.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $28.40 billion during the quarter, compared to analysts’ expectations of $28.18 billion. During the same period last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 3.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.07%. This is a boost from Comcast’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 31st. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
A number of analysts have weighed in on CMCSA shares. SunTrust Banks increased their target price on Comcast from $49.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research report on Wednesday. Rosenblatt Securities reissued a “buy” rating and set a $51.00 price target (down previously from $52.00) on shares of Comcast in a research report on Thursday. Credit Suisse Group reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday. Finally, Wells Fargo & Co raised their price objective on Comcast from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.83.
In related news, EVP David N. Watson sold 78,100 shares of Comcast stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the completion of the transaction, the executive vice president now directly owns 564,424 shares in the company, valued at $24,648,396.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $44.98, for a total value of $22,860,995.04. Following the transaction, the chief executive officer now 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. Over the last 90 days, insiders sold 591,948 shares of company stock valued at $26,526,254. Company insiders own 1.35% of the company’s stock.
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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