Empirical Asset Management LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,452 shares of the cable giant's stock, valued at approximately $843,000.
A number of other large investors have also made changes to their positions in CMCSA. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Comcast by 45.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 160,112 shares of the cable giant's stock worth $6,270,000 after buying an additional 50,372 shares in the last quarter. Sei Investments Co. lifted its position in Comcast by 8.4% during the 2nd quarter. Sei Investments Co. now owns 2,350,026 shares of the cable giant's stock worth $92,026,000 after buying an additional 182,130 shares in the last quarter. Boston Research & Management Inc. boosted its stake in shares of Comcast by 2.2% during the 2nd quarter. Boston Research & Management Inc. now owns 129,468 shares of the cable giant's stock worth $5,069,000 after buying an additional 2,780 shares during the last quarter. Asset Management Group Inc. grew its holdings in shares of Comcast by 10.9% in the 2nd quarter. Asset Management Group Inc. now owns 7,222 shares of the cable giant's stock valued at $283,000 after acquiring an additional 709 shares in the last quarter. Finally, Holderness Investments Co. increased its position in shares of Comcast by 1.4% in the second quarter. Holderness Investments Co. now owns 26,343 shares of the cable giant's stock valued at $1,032,000 after acquiring an additional 356 shares during the last quarter. Institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Evercore ISI raised shares of Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Scotiabank raised shares of Comcast from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Comcast currently has an average rating of "Moderate Buy" and a consensus price target of $47.33.
View Our Latest Stock Report on Comcast
Comcast Stock Up 0.7 %
Comcast stock traded up $0.27 during trading on Friday, hitting $36.58. 21,859,674 shares of the company were exchanged, compared to its average volume of 18,748,178. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The business's 50 day moving average is $39.97 and its 200 day moving average is $40.18. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS. Analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.
Comcast Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast's payout ratio is presently 33.33%.
Insider Activity
In other news, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.
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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