Palladium Partners LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 307,978 shares of the cable giant’s stock after purchasing an additional 8,308 shares during the period. Palladium Partners LLC’s holdings in Comcast were worth $12,335,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Clarius Group LLC boosted its stake in shares of 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 buying an additional 32 shares during the last quarter. GM Advisory Group Inc. boosted its stake in shares of 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 buying an additional 48 shares during the last quarter. Strategic Advisors LLC boosted its stake in shares of 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 buying an additional 106 shares during the last quarter. Bienville Capital Management LLC boosted its stake in shares of 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 buying an additional 160 shares during the last quarter. Finally, Modera Wealth Management LLC boosted its stake in shares of 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 buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.
Shares of Comcast Co. (CMCSA) opened at $36.43 on Wednesday. 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 has a market cap of $171,660.97, a P/E ratio of 17.94, a P/E/G 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.09%. Comcast’s payout ratio is presently 13.21%.
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 transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David N. Watson sold 131,447 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were 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 a total of 915,605 shares of company stock worth $35,906,374 in the last three months. Insiders own 1.28% of the company’s stock.
A number of equities analysts have recently weighed in on CMCSA shares. Scotiabank set a $52.00 target price on Comcast and gave the stock a “buy” rating in a research note on Friday, January 19th. Evercore ISI restated an “outperform” rating and issued a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research boosted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Pivotal Research restated a “buy” rating and issued a $113.00 target price on shares of Comcast in a research note on Wednesday, February 28th. Finally, TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and boosted their target price for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. One equities research 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 company currently has an average rating of “Buy” and a consensus price target of $50.39.
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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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