Waldron LP lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,486 shares of the cable giant’s stock after acquiring an additional 4,470 shares during the quarter. Waldron LP’s holdings in Comcast were worth $1,365,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clear Perspective Advisors LLC lifted its holdings 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 buying an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new position in Comcast during the 2nd quarter worth about $107,000. First Bank & Trust lifted its holdings 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 buying an additional 1,302 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Comcast during the 2nd quarter worth about $165,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in Comcast during the 2nd quarter worth about $168,000. 82.20% of the stock is currently owned by institutional investors.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the executive vice president now directly owns 65,946 shares of the company’s stock, 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 valued at $22,961,401 over the last three months. Corporate insiders own 1.28% of the company’s stock.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $42.44 on Tuesday. Comcast Co. has a 12-month low of $34.78 and a 12-month high of $42.71. The company has a market capitalization of $198,354.83, a PE ratio of 20.45, a P/E/G ratio of 1.87 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. equities analysts anticipate that Comcast Co. will post 2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
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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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