Comcast Co. (CMCSA) Holdings Reduced by Stephens Inc. AR
Stephens Inc. AR lowered its position in Comcast Co. (NASDAQ:CMCSA) by 1.4% in the third quarter, Holdings Channel reports. The fund owned 196,166 shares of the cable giant’s stock after selling 2,755 shares during the quarter. Stephens Inc. AR’s holdings in Comcast were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently made changes to their positions in the company. Waldron LP lifted its stake in shares of Comcast by 14.4% during the 3rd quarter. Waldron LP now owns 35,486 shares of the cable giant’s stock worth $1,365,000 after buying an additional 4,470 shares during the last quarter. Fayez Sarofim & Co. lifted its stake in shares of Comcast by 1.1% during the 3rd quarter. Fayez Sarofim & Co. now owns 7,589,752 shares of the cable giant’s stock worth $292,053,000 after buying an additional 84,443 shares during the last quarter. Barber Financial Group Inc. acquired a new stake in shares of Comcast during the 3rd quarter worth about $267,000. Reaves W H & Co. Inc. lifted its stake in shares of Comcast by 8.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 3,789,113 shares of the cable giant’s stock worth $145,805,000 after buying an additional 300,251 shares during the last quarter. Finally, Donaldson Capital Management LLC lifted its stake in shares of Comcast by 2.2% during the 3rd quarter. Donaldson Capital Management LLC now owns 743,144 shares of the cable giant’s stock worth $28,596,000 after buying an additional 16,222 shares during the last quarter. Hedge funds and other institutional investors own 82.20% of the company’s stock.
CMCSA has been the subject of several analyst reports. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Morgan Stanley reiterated an “overweight” rating and issued a $44.00 price objective on shares of Comcast in a research note on Thursday, September 21st. KeyCorp reiterated a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $46.15.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. research analysts anticipate that Comcast Co. will post 2.05 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
In related news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock worth $22,961,401 over the last ninety days. 1.28% of the stock is currently owned by insiders.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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