Oakbrook Investments LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,574 shares of the cable giant’s stock after selling 16,740 shares during the quarter. Oakbrook Investments LLC’s holdings in Comcast were worth $3,908,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new stake in Comcast during the third quarter worth about $104,000. Clear Perspective Advisors LLC raised its stake in 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 acquiring an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new stake in Comcast during the second quarter worth about $107,000. Willingdon Wealth Management acquired a new stake in Comcast during the third quarter worth about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Comcast during the second quarter worth about $165,000. Institutional investors and hedge funds own 82.26% of the company’s stock.
Comcast Co. (NASDAQ CMCSA) opened at $39.79 on Tuesday. Comcast Co. has a 1 year low of $34.78 and a 1 year high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market cap of $184,804.94, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during 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%. Comcast’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. sell-side analysts forecast that Comcast Co. will post 2.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 1.91%. Comcast’s dividend payout ratio (DPR) is 13.21%.
CMCSA has been the topic of several research reports. Morgan Stanley increased their price objective on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Pivotal Research increased their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and increased their price objective for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. One 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. Comcast presently has an average rating of “Buy” and a consensus price target of $47.74.
In other news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock valued at $31,070,439 over the last quarter. Insiders own 1.28% of the company’s stock.
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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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