D.A. Davidson & CO. decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 331,409 shares of the cable giant’s stock after selling 1,477 shares during the period. D.A. Davidson & CO.’s holdings in Comcast were worth $12,752,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Clear Perspective Advisors LLC lifted its holdings in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares during the period. MPS Loria Financial Planners LLC bought a new stake in Comcast during the second quarter worth $107,000. First Bank & Trust lifted its holdings in Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Willingdon Wealth Management bought a new stake in Comcast during the third quarter worth $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Comcast during the second quarter worth $165,000. 82.20% of the stock is currently owned by institutional investors.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction 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 sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is currently owned by corporate insiders.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the previous year, the company posted $0.92 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities research analysts predict that Comcast Co. will post 2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s payout ratio is 30.36%.
A number of analysts recently commented on CMCSA shares. Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of Comcast in a report on Tuesday, October 17th. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a report on Monday, October 16th. Royal Bank of Canada reiterated a “buy” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, October 18th. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have issued a buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average target price of $46.83.
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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