Atlas Capital Advisors LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,300 shares of the cable giant’s stock after buying an additional 1,789 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Comcast were worth $996,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. WP Advisors LLC acquired a new stake in Comcast in the second quarter valued at about $105,000. IMA Wealth Inc. acquired a new stake in shares of Comcast during the 2nd quarter valued at approximately $108,000. Acropolis Investment Management LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Comcast during the 2nd quarter valued at approximately $129,000. Finally, Resources Investment Advisors Inc. lifted its position in shares of Comcast by 51.4% during the 2nd quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock valued at $147,000 after acquiring an additional 1,516 shares during the period. 80.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on CMCSA. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 17th. Robert W. Baird reduced their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Barclays began coverage on shares of Comcast in a research report on Tuesday, November 13th. They set an “overweight” rating and a $44.00 price target for the company. Finally, Atlantic Securities upgraded shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target for the company in a research report on Monday, August 6th. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $44.61.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The firm had revenue of $22.14 billion during the quarter, compared to the consensus estimate of $21.75 billion. On average, analysts forecast that Comcast Co. will post 2.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.03%. Comcast’s dividend payout ratio is currently 36.89%.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the sale, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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