Stillwater Investment Management LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,191 shares of the cable giant’s stock after purchasing an additional 630 shares during the quarter. Comcast comprises about 1.1% of Stillwater Investment Management LLC’s investment portfolio, making the stock its 26th biggest position. Stillwater Investment Management LLC’s holdings in Comcast were worth $2,686,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP grew its stake in shares of Comcast by 1.7% during the fourth quarter. GSA Capital Partners LLP now owns 16,864 shares of the cable giant’s stock valued at $574,000 after buying an additional 281 shares during the last quarter. Lourd Capital LLC grew its stake in shares of Comcast by 2.4% during the fourth quarter. Lourd Capital LLC now owns 12,842 shares of the cable giant’s stock valued at $437,000 after buying an additional 295 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Comcast by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock valued at $414,000 after buying an additional 296 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Comcast by 4.8% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,542 shares of the cable giant’s stock valued at $223,000 after buying an additional 300 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Comcast by 1.2% during the fourth quarter. Clearstead Advisors LLC now owns 27,320 shares of the cable giant’s stock valued at $930,000 after buying an additional 325 shares during the last quarter. 81.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on CMCSA shares. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Thursday. TD Securities boosted their price target on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Credit Suisse Group reiterated a “buy” rating and issued a $44.00 price target on shares of Comcast in a report on Tuesday, January 22nd. Macquarie reiterated a “hold” rating and issued a $39.00 price target on shares of Comcast in a report on Monday, December 24th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $44.45.
Comcast stock opened at $42.43 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. The firm has a market cap of $197.07 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.19 and a beta of 1.10. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $42.83.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. Comcast’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. Analysts anticipate that Comcast Co. will post 2.84 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.98%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio is currently 32.94%.
In other news, SVP Daniel C. Murdock sold 845 shares of the company’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $35.55, for a total transaction of $30,039.75. Following the transaction, the senior vice president now directly owns 1,005 shares of the company’s stock, valued at $35,727.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 1,038 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total value of $43,596.00. Following the transaction, the senior vice president now directly owns 3,707 shares in the company, valued at $155,694. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,290,226 shares of company stock valued at $49,311,328. 1.31% of the stock is owned by company insiders.
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.
Further Reading: Balanced Fund
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