Lederer & Associates Investment Counsel CA lowered its position in Comcast Co. (NASDAQ:CMCSA) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,238 shares of the cable giant’s stock after selling 4,342 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Comcast were worth $1,411,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Sawyer & Company Inc bought a new position in Comcast in the 4th quarter worth approximately $1,582,000. Rockland Trust Co. raised its position in Comcast by 3.6% in the 4th quarter. Rockland Trust Co. now owns 361,752 shares of the cable giant’s stock worth $14,488,000 after purchasing an additional 12,635 shares during the last quarter. Boyd Watterson Asset Management LLC OH bought a new position in Comcast in the 4th quarter worth approximately $612,000. Kistler Tiffany Companies LLC raised its position in Comcast by 28.6% in the 4th quarter. Kistler Tiffany Companies LLC now owns 15,661 shares of the cable giant’s stock worth $627,000 after purchasing an additional 3,481 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Comcast by 2.4% during the 4th quarter. Leavell Investment Management Inc. now owns 126,710 shares of the cable giant’s stock valued at $5,075,000 after acquiring an additional 2,950 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.
In related news, EVP David N. Watson sold 131,447 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total value of $4,835,935.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 915,605 shares of company stock valued at $35,906,374. Company insiders own 1.28% of the company’s stock.
Shares of Comcast Co. (CMCSA) traded up $0.76 during mid-day trading on Thursday, hitting $36.88. 23,724,381 shares of the stock traded hands, compared to its average volume of 30,100,000. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The firm has a market cap of $171,290.00, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. sell-side analysts predict that Comcast Co. will post 2.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 2.06%. Comcast’s dividend payout ratio is presently 30.00%.
CMCSA has been the subject of several recent research reports. TD Securities upped their target price on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Nomura reiterated a “neutral” rating and set a $42.00 target price (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research upped their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Pivotal Research reiterated a “buy” rating and set a $52.00 target price on shares of Comcast in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and an average price target of $50.39.
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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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