Cypress Capital Management LLC WY trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 26.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,250 shares of the cable giant’s stock after selling 4,825 shares during the period. Cypress Capital Management LLC WY’s holdings in Comcast were worth $531,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CMCSA. MPS Loria Financial Planners LLC acquired a new stake in Comcast in the 2nd quarter valued at about $107,000. Vigilant Capital Management LLC increased its position in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,134 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Comcast in the 3rd quarter valued at about $104,000. Clear Perspective Advisors LLC increased its position in Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. Finally, Tower View Investment Management & Research LLC acquired a new stake in Comcast in the 4th quarter valued at about $109,000. 82.59% of the stock is owned by institutional investors.
Several research firms have weighed in on CMCSA. Guggenheim raised their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Evercore ISI reiterated an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Bank of America lifted their price target on shares of Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. BidaskClub cut shares of Comcast from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Buckingham Research assumed coverage on shares of Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.39.
In related news, 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 transaction of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. In the last three months, insiders sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is currently owned by insiders.
Comcast Co. (NASDAQ:CMCSA) opened at $36.87 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The firm has a market cap of $170,824.95, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. equities research analysts expect that Comcast Co. will post 2.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is currently 13.21%.
Comcast Company Profile
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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