Ironwood Investment Counsel LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 64.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,909 shares of the cable giant’s stock after acquiring an additional 5,070 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Comcast were worth $1,667,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Clarius Group LLC increased its stake in Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. increased its stake in Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares in the last quarter. Strategic Advisors LLC increased its stake in Comcast by 0.5% during the 2nd quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock valued at $812,000 after purchasing an additional 106 shares in the last quarter. Bienville Capital Management LLC increased its stake in Comcast by 1.0% during the 2nd quarter. Bienville Capital Management LLC now owns 16,010 shares of the cable giant’s stock valued at $626,000 after purchasing an additional 160 shares in the last quarter. Finally, Modera Wealth Management LLC increased its stake in Comcast by 1.5% during the 2nd quarter. Modera Wealth Management LLC now owns 11,617 shares of the cable giant’s stock valued at $452,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 83.59% of the company’s stock.
Shares of Comcast Co. (CMCSA) opened at $36.43 on Wednesday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a market cap of $171,660.97, a price-to-earnings ratio of 17.94, a PEG ratio of 1.34 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 2.09%. Comcast’s dividend payout ratio is 13.21%.
A number of research analysts have issued reports on the stock. Nomura restated a “neutral” rating and set a $42.00 price target (down previously from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Scotiabank set a $52.00 price target on shares of Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. Pivotal Research restated a “buy” rating and set a $52.00 price target on shares of Comcast in a research note on Wednesday, January 24th. TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus price target of $50.39.
In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David N. Watson sold 131,447 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total transaction of $4,835,935.13. The disclosure for this sale can be found here. Insiders have sold 915,605 shares of company stock worth $35,906,374 over the last three months. 1.28% of the stock is currently owned by insiders.
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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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