Emerald Advisors LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.8% during the first quarter, Holdings Channel reports. The fund owned 8,414 shares of the cable giant’s stock after selling 912 shares during the quarter. Emerald Advisors LLC’s holdings in Comcast were worth $455,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bainco International Investors raised its holdings in shares of Comcast by 4.2% in the fourth quarter. Bainco International Investors now owns 236,289 shares of the cable giant’s stock valued at $12,382,000 after purchasing an additional 9,425 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Comcast by 0.5% in the fourth quarter. Scotia Capital Inc. now owns 850,725 shares of the cable giant’s stock valued at $44,578,000 after purchasing an additional 3,924 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its holdings in shares of Comcast by 3.3% in the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 720,634 shares of the cable giant’s stock valued at $37,761,000 after purchasing an additional 22,776 shares during the last quarter. GWM Advisors LLC raised its holdings in shares of Comcast by 111.6% in the fourth quarter. GWM Advisors LLC now owns 491,417 shares of the cable giant’s stock valued at $25,750,000 after purchasing an additional 259,228 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Comcast by 27.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,183,209 shares of the cable giant’s stock valued at $114,398,000 after purchasing an additional 465,306 shares during the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.
In other Comcast news, Director Maritza Gomez Montiel sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $49.97, for a total value of $99,940.00. Following the completion of the transaction, the director now owns 13,170 shares of the company’s stock, valued at approximately $658,104.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.14% of the stock is owned by insiders.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 28th. The cable giant reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $27.71 billion for the quarter, compared to analysts’ expectations of $26.79 billion. Comcast had a net margin of 9.90% and a return on equity of 15.45%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. Analysts anticipate that Comcast Co. will post 2.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 28th. Stockholders of record on Wednesday, April 7th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, April 6th. This is a positive change from Comcast’s previous quarterly dividend of $0.23. Comcast’s payout ratio is currently 31.95%.
CMCSA has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Comcast in a research report on Monday, March 22nd. They set an “underweight” rating and a $48.00 price target for the company. Citigroup raised their price objective on shares of Comcast from $59.00 to $62.00 in a research report on Friday, April 9th. Credit Suisse Group raised their price objective on shares of Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a research report on Wednesday, March 24th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Comcast from $59.00 to $62.00 in a research report on Friday, April 9th. Finally, Macquarie raised their price objective on shares of Comcast from $53.00 to $58.00 in a research report on Thursday, January 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.61.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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