Pineno Levin & Ford Asset Management Inc. reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 177,355 shares of the cable giant’s stock after selling 850 shares during the quarter. Comcast makes up 2.7% of Pineno Levin & Ford Asset Management Inc.’s investment portfolio, making the stock its 10th largest holding. Pineno Levin & Ford Asset Management Inc.’s holdings in Comcast were worth $6,039,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Comcast by 19.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 780,608 shares of the cable giant’s stock worth $25,612,000 after purchasing an additional 126,069 shares in the last quarter. FMR LLC raised its holdings in shares of Comcast by 7.5% in the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock worth $3,669,961,000 after purchasing an additional 7,812,415 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in shares of Comcast by 2.6% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 332,720 shares of the cable giant’s stock worth $11,781,000 after purchasing an additional 8,412 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Comcast by 2,063.7% in the 3rd quarter. First Hawaiian Bank now owns 134,753 shares of the cable giant’s stock worth $4,771,000 after purchasing an additional 128,525 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in shares of Comcast by 4.7% in the 3rd quarter. Raymond James Trust N.A. now owns 342,332 shares of the cable giant’s stock worth $12,122,000 after purchasing an additional 15,471 shares in the last quarter. 80.66% of the stock is owned by institutional investors and hedge funds.
In related news, Director Kenneth J. Bacon sold 7,636 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $37.04, for a total transaction of $282,837.44. Following the transaction, the director now directly owns 33,603 shares of the company’s stock, valued at $1,244,655.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David L. Cohen sold 275,746 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the transaction, the executive vice president now directly owns 650,656 shares in the company, valued at $24,080,778.56. The disclosure for this sale can be found here. Insiders have sold 294,099 shares of company stock worth $10,866,899 in the last 90 days. 1.31% of the stock is owned by company insiders.
CMCSA stock opened at $37.24 on Wednesday. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $40.42. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. The company has a market cap of $172.96 billion, a PE ratio of 14.60, a PEG ratio of 1.12 and a beta of 1.03.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The business had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 2.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s payout ratio is currently 29.80%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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