First Mercantile Trust Co. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,470 shares of the cable giant’s stock after selling 12,551 shares during the period. First Mercantile Trust Co.’s holdings in Comcast were worth $2,582,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Comcast by 1,581.1% in the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares in the last quarter. Capital International Investors raised its stake in shares of Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Comcast by 38.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after acquiring an additional 5,108,525 shares in the last quarter. Finally, Rockefeller Financial Services Inc. raised its stake in shares of Comcast by 4,476.3% in the 4th quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock valued at $206,314,000 after acquiring an additional 5,038,817 shares in the last quarter. 83.59% of the stock is owned by institutional investors.
Shares of Comcast Co. (CMCSA) opened at $36.43 on Wednesday. Comcast Co. has a fifty-two week low of $34.78 and a fifty-two week high of $44.00. The firm has a market capitalization of $171,660.97, a P/E ratio of 17.94, a PEG ratio of 1.34 and a beta of 1.16. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is presently 13.21%.
A number of research analysts recently weighed in on the company. Pivotal Research reissued a “buy” rating and issued a $113.00 price objective on shares of Comcast in a research note on Wednesday, February 28th. Macquarie lowered Comcast from an “outperform” rating to a “neutral” rating 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. Guggenheim raised their target price on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, SunTrust Banks raised their target price on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.39.
In related news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 915,605 shares of company stock worth $35,906,374 in the last three months. 1.28% of the stock is owned by insiders.
COPYRIGHT VIOLATION NOTICE: This story was first published by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/03/14/first-mercantile-trust-co-sells-12551-shares-of-comcast-co-cmcsa.html.
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.
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.