Banced Corp boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,205 shares of the cable giant’s stock after acquiring an additional 1,790 shares during the period. Comcast accounts for 1.1% of Banced Corp’s portfolio, making the stock its 22nd largest position. Banced Corp’s holdings in Comcast were worth $689,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. MPS Loria Financial Planners LLC bought a new position in shares of Comcast during the second quarter worth $107,000. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast during the third quarter worth $104,000. Clear Perspective Advisors LLC boosted its position in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares in the last quarter. Willingdon Wealth Management bought a new position in shares of Comcast during the third quarter worth $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Comcast during the second quarter worth $165,000. 82.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $40.08 on Friday. The company has a market cap of $186,150.00, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.50 and a beta of 1.04. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 EPS. equities analysts predict that Comcast Co. will post 2.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is currently 30.00%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock worth $31,070,439 over the last ninety days. 1.28% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on the stock. Guggenheim lifted their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. SunTrust Banks lifted their price target on shares of Comcast to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TD Securities lifted their price target on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Bank of America lifted their price target on shares of Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Co lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.74.
Comcast Company Profile
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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