Marietta Wealth Management LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,045 shares of the cable giant’s stock after selling 1,359 shares during the quarter. Marietta Wealth Management LLC’s holdings in Comcast were worth $3,513,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bainco International Investors lifted its position in shares of Comcast by 4.2% in the fourth quarter. Bainco International Investors now owns 236,289 shares of the cable giant’s stock valued at $12,382,000 after buying an additional 9,425 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of Comcast by 3.3% in the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 720,634 shares of the cable giant’s stock valued at $37,761,000 after buying an additional 22,776 shares during the last quarter. GWM Advisors LLC lifted its position in shares of Comcast by 111.6% in the fourth quarter. GWM Advisors LLC now owns 491,417 shares of the cable giant’s stock valued at $25,750,000 after buying an additional 259,228 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Comcast by 27.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,183,209 shares of the cable giant’s stock valued at $114,398,000 after buying an additional 465,306 shares during the last quarter. Finally, Bank of The West lifted its holdings in Comcast by 5.5% during the 4th quarter. Bank of The West now owns 238,204 shares of the cable giant’s stock worth $12,482,000 after purchasing an additional 12,428 shares during the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.
CMCSA has been the subject of several research reports. Benchmark lifted their price target on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 9th. They noted that the move was a valuation call. Barclays lifted their price target on Comcast from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, February 1st. TD Securities lifted their price target on Comcast from $58.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, February 1st. Macquarie lifted their price target on Comcast from $53.00 to $58.00 in a report on Thursday, January 14th. Finally, Pivotal Research lifted their price target on Comcast from $60.00 to $63.00 in a report on Thursday, January 28th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $53.85.
Shares of CMCSA traded down $0.11 during midday trading on Tuesday, hitting $52.39. The company’s stock had a trading volume of 626,167 shares, compared to its average volume of 18,096,334. Comcast Co. has a one year low of $31.70 and a one year high of $53.60. The company’s fifty day simple moving average is $50.79 and its two-hundred day simple moving average is $47.78. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $239.98 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 28th. The cable giant reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The company had revenue of $27.71 billion for the quarter, compared to analyst estimates of $26.79 billion. During the same quarter last year, the company posted $0.79 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, research analysts predict that Comcast Co. will post 2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Stockholders of record on Wednesday, April 7th will be paid a $0.25 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.91%. Comcast’s dividend payout ratio (DPR) is presently 29.39%.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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