Brightworth bought a new stake in Comcast Corporation (NASDAQ:CMCSA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,730 shares of the cable giant’s stock, valued at approximately $451,000.
Other hedge funds have also bought and sold shares of the company. MPS Loria Financial Planners LLC bought a new stake in Comcast in the second quarter worth $107,000. Clear Perspective Advisors LLC lifted its position in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. First Bank & Trust lifted its position in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares during the last quarter. Zions Bancorporation lifted its position in Comcast by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Finally, Founders Capital Management bought a new stake in Comcast in the first quarter worth $113,000. 82.13% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the company. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and lifted their target price for the stock from $42.60 to $51.00 in a research report on Friday. Macquarie reiterated a “buy” rating and set a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. Barclays decreased their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. Finally, OTR Global downgraded Comcast to a “positive” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average target price of $46.15.
In other news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, 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. Insiders sold 593,402 shares of company stock worth $22,961,401 in the last quarter. 1.28% of the stock is owned by insiders.
Comcast Corporation (NASDAQ:CMCSA) opened at $42.44 on Friday. Comcast Corporation has a 52 week low of $34.78 and a 52 week high of $42.71. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $199,102.64, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. equities research analysts expect that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.48%. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
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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