SOL Capital Management CO decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,864 shares of the cable giant’s stock after selling 1,552 shares during the period. SOL Capital Management CO’s holdings in Comcast were worth $2,342,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Zions Bancorporation grew its stake in Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares in the last quarter. Clear Perspective Advisors LLC grew its stake in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Comcast during the second quarter valued at approximately $107,000. First Bank & Trust grew its stake in Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Founders Capital Management purchased a new position in Comcast during the first quarter valued at approximately $113,000. 82.13% of the stock is owned by institutional investors.
In related news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, 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. Over the last 90 days, insiders sold 593,556 shares of company stock valued at $22,958,411. Company insiders own 1.28% of the company’s stock.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. research analysts predict that Comcast Corporation will post 2.05 earnings per share for the current year.
The firm also recently disclosed 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 payout ratio is 30.36%.
Several brokerages have issued reports on CMCSA. ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $43.00 target price on shares of Comcast in a research report on Friday, September 1st. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Pivotal Research reiterated a “buy” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, December 19th. Finally, Macquarie reiterated a “buy” rating and set a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company. Comcast currently has an average rating of “Buy” and a consensus target price of $45.72.
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Comcast Company 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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