Adviser Investments LLC Buys 5,184 Shares of Comcast Corporation (CMCSA)

Adviser Investments LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 94.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,684 shares of the cable giant’s stock after purchasing an additional 5,184 shares during the quarter. Adviser Investments LLC’s holdings in Comcast were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CMCSA. Biegel & Waller LLC acquired a new stake in Comcast in the 2nd quarter worth about $432,000. Penobscot Investment Management Company Inc. boosted its stake in Comcast by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after buying an additional 2,828 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Comcast by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after buying an additional 186,920 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Comcast by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after buying an additional 451,551 shares during the last quarter. Finally, Tower Bridge Advisors boosted its stake in Comcast by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after buying an additional 13,003 shares during the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $40.81 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $34.12 and a twelve month high of $42.18. The stock has a market capitalization of $190,740.00, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the previous year, the business earned $0.92 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. equities analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.54%. Comcast’s dividend payout ratio (DPR) is 29.72%.

In related news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 593,556 shares of company stock valued at $22,958,411 over the last quarter. Company insiders own 1.28% of the company’s stock.

A number of analysts have issued reports on CMCSA shares. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast in a research note on Wednesday, October 4th. Pivotal Research lifted their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $45.72.

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Comcast 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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