Coldstream Capital Management Inc. raised its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,947 shares of the cable giant's stock after buying an additional 19,039 shares during the period. Coldstream Capital Management Inc.'s holdings in Comcast were worth $7,863,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of Comcast in the second quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the third quarter valued at approximately $30,000. McClarren Financial Advisors Inc. grew its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after buying an additional 522 shares in the last quarter. Finally, IAG Wealth Partners LLC grew its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant's stock worth $30,000 after buying an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company's stock.
Insider Buying and Selling
In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company's stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms have weighed in on CMCSA. Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Evercore ISI upgraded Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.19.
Check Out Our Latest Stock Analysis on Comcast
Comcast Stock Up 1.2 %
CMCSA stock traded up $0.48 during mid-day trading on Tuesday, reaching $39.53. 28,647,811 shares of the company traded hands, compared to its average volume of 19,615,965. The stock has a market cap of $151.26 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.63 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm's 50 day moving average price is $42.42 and its 200 day moving average price is $40.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company's quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Comcast Co. will post 4.26 EPS for the current fiscal year.
Comcast Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Comcast's dividend payout ratio (DPR) is presently 33.33%.
About Comcast
(
Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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