Meeder Asset Management Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,417 shares of the cable giant’s stock after selling 5,240 shares during the quarter. Meeder Asset Management Inc.’s holdings in Comcast were worth $5,422,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new position in Comcast during the 3rd quarter valued at approximately $104,000. Vigilant Capital Management LLC boosted its position in Comcast by 474.2% during the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after purchasing an additional 2,134 shares during the period. Clear Perspective Advisors LLC boosted its position in Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new position in Comcast during the 2nd quarter valued at approximately $107,000. Finally, Tower View Investment Management & Research LLC acquired a new position in Comcast during the 4th quarter valued at approximately $109,000. Institutional investors and hedge funds own 83.59% of the company’s stock.
A number of research analysts recently issued reports on the company. Guggenheim boosted their price objective on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Evercore ISI reiterated an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Bank of America boosted their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Buckingham Research assumed coverage on Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and a consensus target price of $50.39.
Shares of Comcast Co. (CMCSA) opened at $37.13 on Monday. 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 firm has a market capitalization of $172,450.55, a price-to-earnings ratio of 18.02, a PEG ratio of 1.34 and a beta of 1.16. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. analysts forecast that Comcast Co. will post 2.52 EPS for the current year.
The company 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. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.05%. Comcast’s dividend payout ratio is 13.21%.
In other news, 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 value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 915,605 shares of company stock valued at $35,906,374. Insiders own 1.28% of the company’s stock.
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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