IFC Holdings Incorporated FL cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 41.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,065 shares of the cable giant’s stock after selling 27,927 shares during the period. IFC Holdings Incorporated FL’s holdings in Comcast were worth $1,556,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast during the second quarter worth about $107,000. Vigilant Capital Management LLC grew its holdings in shares of Comcast by 474.2% during the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after purchasing an additional 2,134 shares during the last quarter. Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast during the third quarter worth about $104,000. Clear Perspective Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,362 shares during the last quarter. Finally, Tower View Investment Management & Research LLC purchased a new position in shares of Comcast during the fourth quarter worth about $109,000. Institutional investors own 82.59% of the company’s stock.
Comcast Co. (NASDAQ CMCSA) opened at $36.87 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The stock has a market capitalization of $170,824.95, a PE ratio of 7.73, a P/E/G ratio of 1.33 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 earnings per share. analysts expect that Comcast Co. will post 2.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.06%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is presently 13.21%.
Several equities analysts have issued reports on the company. Macquarie lowered Comcast from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Nomura reaffirmed a “neutral” rating and set a $42.00 price objective (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Pivotal Research reaffirmed a “buy” rating and set a $113.00 price objective on shares of Comcast in a report on Wednesday, February 28th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Scotiabank set a $52.00 price objective on Comcast and gave the stock a “buy” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.39.
In related news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the sale, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 784,158 shares of company stock valued at $31,070,439. 1.28% of the stock is owned by insiders.
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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