Comcast Co. (NASDAQ:CMCSA) Shares Sold by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,174,590 shares of the cable giant’s stock after selling 42,052 shares during the quarter. Comcast makes up about 8.1% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 7th biggest holding. Rothschild & Co Wealth Management UK Ltd owned approximately 0.16% of Comcast worth $323,431,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Outlook Wealth Advisors LLC grew its holdings in Comcast by 2.3% during 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 during the last quarter. Barber Financial Group Inc. raised its stake in shares of Comcast by 4.7% during the third quarter. Barber Financial Group Inc. now owns 5,295 shares of the cable giant’s stock valued at $241,000 after purchasing an additional 236 shares during the period. Golden State Wealth Management LLC lifted its holdings in Comcast by 3.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 6,853 shares of the cable giant’s stock worth $309,000 after buying an additional 241 shares in the last quarter. Personal Wealth Partners lifted its stake in shares of Comcast by 44.2% in the third quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock worth $36,000 after acquiring an additional 242 shares in the last quarter. Finally, Ironwood Investment Counsel LLC raised its position in shares of Comcast by 0.5% in 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 in the last quarter. Hedge funds and other institutional investors own 82.64% of the company’s stock.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the stock in a transaction 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 sale, the director now directly owns 29,603 shares in the company, valued at $1,333,023.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total value of $22,860,995.04. Following the transaction, the chief executive officer now owns 4,108,522 shares in the company, valued at $184,801,319.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 517,848 shares of company stock worth $23,295,747. Company insiders own 1.35% of the company’s stock.

Several equities analysts recently issued reports on the company. Wells Fargo & Co assumed coverage on Comcast in a research note on Tuesday, August 27th. They set an “outperform” rating and a $50.00 price objective on the stock. Bank of America set a $58.00 price objective on shares of Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Citigroup raised their target price on shares of Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Benchmark began coverage on Comcast in a research report on Wednesday, September 25th. They set a “buy” rating and a $64.00 price target on the stock. Finally, BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.52.

CMCSA traded down $0.05 during trading on Tuesday, hitting $43.58. The stock had a trading volume of 7,691,711 shares, compared to its average volume of 16,384,470. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The company has a 50 day simple moving average of $44.88 and a 200-day simple moving average of $43.99. The firm has a market cap of $200.85 billion, a PE ratio of 17.09, a P/E/G ratio of 1.18 and a beta of 1.05.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 24.25% and a net margin of 11.45%. The company had revenue of $26.83 billion for the quarter, compared to analyst estimates of $26.77 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 3.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, January 7th. Comcast’s dividend payout ratio is presently 32.94%.

Comcast 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.

See Also: Understanding dividend yield and dividend payout ratio

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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.