Comcast Co. (CMCSA) Stake Decreased by Courier Capital LLC
Courier Capital LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% in the fourth quarter, HoldingsChannel reports. The firm owned 45,794 shares of the cable giant’s stock after selling 1,945 shares during the period. Courier Capital LLC’s holdings in Comcast were worth $1,559,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Acima Private Wealth LLC acquired a new stake in Comcast during the 4th quarter worth about $25,000. Litman Gregory Asset Management LLC acquired a new stake in Comcast during the 4th quarter worth about $30,000. Ironwood Financial llc acquired a new stake in Comcast during the 4th quarter worth about $32,000. IMS Capital Management acquired a new stake in Comcast during the 3rd quarter worth about $38,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Comcast during the 4th quarter worth about $52,000. 80.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast stock opened at $39.87 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $39.95. The stock has a market capitalization of $183.74 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s payout ratio is currently 29.80%.
In related news, SVP Daniel C. Murdock sold 845 shares of Comcast stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $35.55, for a total value of $30,039.75. Following the completion of the transaction, the senior vice president now owns 1,005 shares in the company, valued at approximately $35,727.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,743 shares of Comcast stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $36.41, for a total value of $209,102.63. Following the completion of the transaction, the executive vice president now owns 73,630 shares of the company’s stock, valued at approximately $2,680,868.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 912,661 shares of company stock valued at $34,195,979. 1.31% of the stock is owned by company insiders.
A number of equities analysts have weighed in on CMCSA shares. Macquarie reiterated a “hold” rating and set a $39.00 price objective on shares of Comcast in a research note on Monday, December 24th. TD Securities lifted their price objective on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. BidaskClub upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 17th. Credit Suisse Group reiterated a “buy” rating and set a $44.00 price objective on shares of Comcast in a research note on Tuesday, January 22nd. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average target price of $43.76.
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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.
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