Cidel Asset Management Inc. cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 20.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,300 shares of the cable giant’s stock after selling 4,632 shares during the period. Cidel Asset Management Inc.’s holdings in Comcast were worth $823,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Wealthcare Capital Management LLC grew its holdings in Comcast by 147.8% in the fourth quarter. Wealthcare Capital Management LLC now owns 555 shares of the cable giant’s stock worth $25,000 after purchasing an additional 331 shares during the period. Islay Capital Management LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $28,000. Capital Wealth Alliance LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $30,000. Barnett & Company Inc. grew its holdings in shares of Comcast by 427.9% during the fourth quarter. Barnett & Company Inc. now owns 681 shares of the cable giant’s stock valued at $31,000 after buying an additional 552 shares during the last quarter. Finally, Ogorek Anthony Joseph NY ADV grew its holdings in shares of Comcast by 103.6% during the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 733 shares of the cable giant’s stock valued at $32,000 after buying an additional 373 shares during the last quarter. 83.25% of the stock is owned by institutional investors and hedge funds.
In related news, EVP David N. Watson sold 202,782 shares of Comcast stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $37.05, for a total transaction of $7,513,073.10. Following the completion of the sale, the executive vice president now owns 893,424 shares in the company, valued at approximately $33,101,359.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel C. Murdock sold 1,038 shares of Comcast stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $36.55, for a total transaction of $37,938.90. Following the sale, the chief accounting officer now owns 4,229 shares of the company’s stock, valued at approximately $154,569.95. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Comcast had a net margin of 11.98% and a return on equity of 18.25%. The firm had revenue of $28.40 billion during the quarter, compared to analysts’ expectations of $28.18 billion. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 3.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued a dividend of $0.23 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a yield of 2.70%. Comcast’s dividend payout ratio (DPR) is presently 26.84%.
CMCSA has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a report on Wednesday, March 18th. TD Securities cut their price target on shares of Comcast from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Raymond James downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, March 16th. Goldman Sachs Group upgraded shares of Comcast to a “buy” rating in a research report on Tuesday, February 4th. Finally, Robert W. Baird downgraded shares of Comcast from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $38.00 in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Comcast presently has an average rating of “Buy” and an average price target of $50.64.
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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