Exchange Capital Management Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,311 shares of the cable giant’s stock after selling 8,549 shares during the quarter. Comcast makes up about 1.4% of Exchange Capital Management Inc.’s holdings, making the stock its 20th biggest holding. Exchange Capital Management Inc.’s holdings in Comcast were worth $4,017,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new stake in Comcast during the third quarter worth approximately $104,000. Vigilant Capital Management LLC raised its holdings in 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 in the last quarter. Clear Perspective Advisors LLC raised its holdings in 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 in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast during the second quarter worth approximately $107,000. Finally, Tower View Investment Management & Research LLC acquired a new stake in Comcast during the fourth quarter worth approximately $109,000. Institutional investors own 83.59% of the company’s stock.
Comcast Co. (CMCSA) opened at $36.43 on Wednesday. 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. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is currently 13.21%.
A number of analysts have weighed in on CMCSA shares. Morgan Stanley raised their price objective on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and raised their price objective for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Wells Fargo & Co raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a report on Friday, November 17th. Finally, Buckingham Research raised their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. One research 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. The company presently has a consensus rating of “Buy” and an average target price of $50.39.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 5,630 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold a total of 915,605 shares of company stock worth $35,906,374 over the last three months. 1.28% of the stock is currently owned by corporate insiders.
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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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