Wetherby Asset Management Inc. Acquires 8,492 Shares of Comcast Co. (CMCSA)
Wetherby Asset Management Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,610 shares of the cable giant’s stock after acquiring an additional 8,492 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Comcast were worth $3,970,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Ironwood Financial llc bought a new stake in Comcast during the fourth quarter worth about $32,000. IMS Capital Management bought a new stake in Comcast during the third quarter worth about $38,000. Ipswich Investment Management Co. Inc. bought a new stake in Comcast during the fourth quarter worth about $52,000. Financial Advantage Inc. bought a new stake in Comcast during the fourth quarter worth about $59,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Comcast by 42.3% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,020 shares of the cable giant’s stock worth $69,000 after purchasing an additional 600 shares during the period. 80.66% of the stock is owned by institutional investors.
CMCSA has been the subject of several research analyst reports. BidaskClub raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 17th. Morgan Stanley initiated coverage on Comcast in a research note on Thursday, November 8th. They set an “overweight” rating and a $46.00 target price for the company. Scotiabank set a $48.00 target price on Comcast and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Barclays initiated coverage on Comcast in a research note on Tuesday, November 13th. They set an “overweight” rating and a $44.00 target price for the company. Finally, ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $43.76.
NASDAQ:CMCSA traded down $0.17 on Monday, reaching $37.43. 128,911 shares of the stock traded hands, compared to its average volume of 23,067,998. The company has a market capitalization of $174.63 billion, a PE ratio of 14.63, a P/E/G ratio of 1.12 and a beta of 1.03. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $40.42.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $27.85 billion during the quarter, compared to the consensus estimate of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The company’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Research analysts predict that Comcast Co. will post 2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio is currently 29.80%.
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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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