NorthCoast Asset Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 659,234 shares of the cable giant’s stock after acquiring an additional 46,608 shares during the quarter. Comcast comprises about 2.4% of NorthCoast Asset Management LLC’s holdings, making the stock its 12th largest holding. NorthCoast Asset Management LLC’s holdings in Comcast were worth $26,402,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clarius Group LLC boosted its holdings in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after acquiring an additional 32 shares during the period. GM Advisory Group Inc. boosted its holdings in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after acquiring an additional 48 shares during the period. Strategic Advisors LLC boosted its holdings in Comcast by 0.5% in the 2nd quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock worth $812,000 after acquiring an additional 106 shares during the period. Bienville Capital Management LLC boosted its holdings in Comcast by 1.0% in the 2nd quarter. Bienville Capital Management LLC now owns 16,010 shares of the cable giant’s stock worth $626,000 after acquiring an additional 160 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in Comcast by 1.5% in the 2nd quarter. Modera Wealth Management LLC now owns 11,617 shares of the cable giant’s stock worth $452,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 83.59% of the company’s stock.
In related news, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. 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 90 days. 1.28% of the stock is currently owned by company insiders.
Comcast Co. (NASDAQ CMCSA) opened at $36.43 on Wednesday. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The stock has a market capitalization of $171,660.97, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts predict that Comcast Co. will post 2.52 EPS for the current fiscal 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 paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. 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%. Comcast’s dividend payout ratio (DPR) is 13.21%.
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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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