Annex Advisory Services LLC Cuts Stake in Comcast Corporation (CMCSA)

Annex Advisory Services LLC lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 77.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,624 shares of the cable giant’s stock after selling 22,236 shares during the quarter. Annex Advisory Services LLC’s holdings in Comcast were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CMCSA. Zions Bancorporation increased its position in Comcast by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC increased its position in Comcast by 100.1% during the 2nd 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 in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Comcast during the 2nd quarter worth about $107,000. First Bank & Trust increased its position in Comcast by 84.9% during the 2nd 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 in the last quarter. Finally, Partners Capital Investment Group Holdings LLC grew its holdings in Comcast by 100.0% in the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock valued at $131,000 after buying an additional 1,744 shares during the period. Hedge funds and other institutional investors own 82.13% of the company’s stock.

In related news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock worth $22,961,401 over the last three months. 1.28% of the stock is currently owned by corporate insiders.

Several analysts have commented on CMCSA shares. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp restated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird restated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Morgan Stanley restated an “overweight” rating and issued a $44.00 price target on shares of Comcast in a report on Thursday, September 21st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.72.

Shares of Comcast Corporation (CMCSA) opened at $40.67 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 fifty-two week low of $34.70 and a fifty-two week high of $42.18. The stock has a market capitalization of $190,080.00, a PE ratio of 19.18, a PEG ratio of 1.85 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts expect that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.

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

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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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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