Calton & Associates Inc. purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,080 shares of the cable giant’s stock, valued at approximately $1,488,000.
A number of other institutional investors have also bought and sold shares of the business. Convergence Investment Partners LLC increased its position in shares of Comcast by 32.1% in the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after acquiring an additional 25,508 shares during the period. Quinn Opportunity Partners LLC increased its position in shares of Comcast by 97.6% in the second quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock valued at $1,892,000 after acquiring an additional 24,000 shares during the period. HPM Partners LLC increased its position in shares of Comcast by 16.1% in the second quarter. HPM Partners LLC now owns 41,656 shares of the cable giant’s stock valued at $1,621,000 after acquiring an additional 5,775 shares during the period. Elkhorn Investments LLC increased its position in shares of Comcast by 10.4% in the second quarter. Elkhorn Investments LLC now owns 34,702 shares of the cable giant’s stock valued at $1,374,000 after acquiring an additional 3,273 shares during the period. Finally, Swiss National Bank increased its position in shares of Comcast by 0.9% in the third quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after acquiring an additional 162,000 shares during the period. 83.59% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on CMCSA shares. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Buckingham Research started coverage on shares of Comcast in a research report on Monday, November 20th. They issued a “buy” rating and a $48.00 price objective on the stock. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie restated a “buy” rating and issued a $40.00 price objective on shares of Comcast in a research report on Thursday, December 7th. Finally, Pivotal Research restated a “buy” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, December 19th. One research 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. The stock currently has an average rating of “Buy” and a consensus target price of $50.39.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. Comcast’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts forecast that Comcast Co. will post 2.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is 13.21%.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now 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 the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 915,605 shares of company stock worth $35,906,374. Corporate insiders own 1.28% of the company’s stock.
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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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