Calamos Wealth Management LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 50,865 shares of the cable giant’s stock after selling 2,057 shares during the quarter. Calamos Wealth Management LLC’s holdings in Comcast were worth $2,293,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Outlook Wealth Advisors LLC raised its position in shares of Comcast by 2.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 9,741 shares of the cable giant’s stock valued at $439,000 after buying an additional 219 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in shares of Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after purchasing an additional 240 shares during the last quarter. Ironwood Investment Counsel LLC grew its holdings in shares of Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after purchasing an additional 243 shares during the last quarter. SevenBridge Financial Group LLC grew its holdings in shares of Comcast by 0.6% during the 2nd quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock valued at $1,752,000 after purchasing an additional 249 shares during the last quarter. Finally, Intellectus Partners LLC grew its holdings in shares of Comcast by 2.8% during the 2nd quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock valued at $385,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 82.82% of the company’s stock.
Shares of NASDAQ CMCSA traded up $0.36 during midday trading on Monday, reaching $45.93. The stock had a trading volume of 4,650,271 shares, compared to its average volume of 16,027,608. The firm has a market cap of $208.75 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $47.27. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The company’s 50 day moving average price is $45.43 and its 200 day moving average price is $43.39.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.83%. Comcast’s dividend payout ratio (DPR) is currently 32.94%.
In other news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the transaction, the director now owns 29,603 shares in the company, valued at approximately $1,333,023.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on the stock. Cfra set a $50.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a report on Thursday, September 5th. Wells Fargo & Co began coverage on shares of Comcast in a report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 target price on the stock. Goldman Sachs Group raised shares of Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $54.00 in a report on Wednesday, July 10th. Finally, Pivotal Research boosted their target price on shares of Comcast from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Comcast currently has an average rating of “Buy” and a consensus price target of $49.06.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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