Standard Family Office LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 43.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,572 shares of the cable giant’s stock after selling 1,211 shares during the quarter. Standard Family Office LLC’s holdings in Comcast were worth $85,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Comcast by 7.4% during the 4th quarter. FMR LLC now owns 89,403,545 shares of the cable giant’s stock valued at $4,684,747,000 after acquiring an additional 6,132,846 shares in the last quarter. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth about $2,713,360,000. Price T Rowe Associates Inc. MD raised its stake in shares of Comcast by 0.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,738,347 shares of the cable giant’s stock worth $2,501,489,000 after acquiring an additional 173,132 shares during the last quarter. Morgan Stanley raised its stake in shares of Comcast by 7.0% in the fourth quarter. Morgan Stanley now owns 37,933,210 shares of the cable giant’s stock worth $1,987,699,000 after acquiring an additional 2,487,384 shares during the last quarter. Finally, Parnassus Investments CA raised its stake in shares of Comcast by 2.0% in the first quarter. Parnassus Investments CA now owns 22,092,441 shares of the cable giant’s stock worth $1,195,422,000 after acquiring an additional 442,089 shares during the last quarter. Institutional investors and hedge funds own 82.98% of the company’s stock.
In other news, Director Kenneth J. Bacon sold 4,031 shares of the business’s stock in a transaction dated Friday, June 4th. The stock was sold at an average price of $56.89, for a total transaction of $229,323.59. Following the completion of the transaction, the director now owns 29,580 shares of the company’s stock, valued at $1,682,806.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 3,966 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $58.83, for a total value of $233,319.78. Following the transaction, the director now directly owns 33,611 shares of the company’s stock, valued at approximately $1,977,335.13. The disclosure for this sale can be found here. Insiders have sold a total of 717,670 shares of company stock valued at $39,636,593 in the last ninety days. Insiders own 1.04% of the company’s stock.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 29th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.17. The business had revenue of $27.21 billion for the quarter, compared to analysts’ expectations of $26.83 billion. Comcast had a return on equity of 13.75% and a net margin of 11.25%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 EPS. Equities research analysts forecast that Comcast Co. will post 2.99 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 28th. Shareholders of record on Wednesday, July 7th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Tuesday, July 6th. Comcast’s payout ratio is presently 38.31%.
Several equities research analysts have recently commented on the stock. HSBC lifted their price target on shares of Comcast from $56.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, May 24th. Citigroup lifted their price target on shares of Comcast from $59.00 to $62.00 in a research report on Friday, April 9th. Raymond James boosted their price objective on shares of Comcast from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, April 30th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Comcast from $59.00 to $62.00 in a report on Friday, April 9th. Finally, Oppenheimer upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a report on Friday, April 30th. One research analyst has rated the stock with a sell rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.86.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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