Bainco International Investors increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,799 shares of the cable giant’s stock after acquiring an additional 14,610 shares during the period. Bainco International Investors’ holdings in Comcast were worth $6,188,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MPS Loria Financial Planners LLC bought a new stake in Comcast in the second quarter worth about $107,000. Clear Perspective Advisors LLC lifted its stake in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the last quarter. First Bank & Trust lifted its stake in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the last quarter. Zions Bancorporation lifted its stake in Comcast by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the last quarter. Finally, Founders Capital Management bought a new stake in Comcast in the first quarter worth about $113,000. Institutional investors own 82.13% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at $40.41 on Thursday. The company has a market cap of $190,596.38, a P/E ratio of 19.47, a P/E/G ratio of 1.96 and a beta of 1.01. Comcast Corporation has a 12 month low of $34.12 and a 12 month high of $42.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
Several analysts have issued reports on the stock. ValuEngine downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price target on shares of Comcast in a research note on Friday, September 1st. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, December 19th. Finally, Macquarie reaffirmed a “buy” rating and set a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average target price of $45.72.
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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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