Comcast Co. (CMCSA) Shares Sold by Gardner Russo & Gardner LLC

Gardner Russo & Gardner LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,002,063 shares of the cable giant’s stock after selling 77,574 shares during the period. Comcast accounts for 1.8% of Gardner Russo & Gardner LLC’s holdings, making the stock its 17th largest holding. Gardner Russo & Gardner LLC owned approximately 0.15% of Comcast worth $247,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Univest Corp of Pennsylvania lifted its holdings in shares of Comcast by 1.5% during the third quarter. Univest Corp of Pennsylvania now owns 133,948 shares of the cable giant’s stock worth $4,743,000 after purchasing an additional 1,944 shares during the period. Bristlecone Advisors LLC lifted its holdings in shares of Comcast by 66.5% during the third quarter. Bristlecone Advisors LLC now owns 49,833 shares of the cable giant’s stock worth $1,765,000 after purchasing an additional 19,896 shares during the period. Cox Capital Co LLC acquired a new position in shares of Comcast during the second quarter worth $1,007,000. Aureus Asset Management LLC lifted its holdings in shares of Comcast by 12.1% during the second quarter. Aureus Asset Management LLC now owns 44,208 shares of the cable giant’s stock worth $1,450,000 after purchasing an additional 4,778 shares during the period. Finally, Ironvine Capital Partners LLC lifted its holdings in shares of Comcast by 4.6% during the third quarter. Ironvine Capital Partners LLC now owns 458,223 shares of the cable giant’s stock worth $16,226,000 after purchasing an additional 20,089 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

In other Comcast news, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the sale, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.

Shares of NASDAQ CMCSA opened at $39.15 on Tuesday. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00. The firm has a market cap of $181.18 billion, a P/E ratio of 19.00, a PEG ratio of 1.23 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The business had revenue of $22.14 billion during the quarter, compared to the consensus estimate of $21.75 billion. On average, research analysts predict that Comcast Co. will post 2.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s dividend payout ratio (DPR) is currently 36.89%.

CMCSA has been the topic of a number of recent research reports. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Morgan Stanley initiated coverage on shares of Comcast in a report on Thursday, November 8th. They set an “overweight” rating and a $46.00 price target on the stock. UBS Group lowered shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. Citigroup initiated coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $48.00 price target on the stock. Finally, ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. Nine research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $44.61.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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