Comcast Co. (NASDAQ:CMCSA) Shares Bought by Norway Savings Bank
Norway Savings Bank grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 216.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,738 shares of the cable giant’s stock after acquiring an additional 1,873 shares during the quarter. Norway Savings Bank’s holdings in Comcast were worth $144,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. United Bank boosted its holdings in shares of Comcast by 50.8% during the second quarter. United Bank now owns 32,668 shares of the cable giant’s stock valued at $1,273,000 after acquiring an additional 11,002 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Comcast by 5.2% during the second quarter. Principal Financial Group Inc. now owns 7,990,288 shares of the cable giant’s stock valued at $311,461,000 after acquiring an additional 393,133 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Comcast by 3.6% during the second quarter. Orion Portfolio Solutions LLC now owns 18,089 shares of the cable giant’s stock valued at $705,000 after purchasing an additional 626 shares in the last quarter. Rockbridge Investment Management LCC bought a new stake in shares of Comcast during the second quarter valued at about $29,000. Finally, Stephens Inc. AR raised its stake in shares of Comcast by 4.0% during the second quarter. Stephens Inc. AR now owns 316,223 shares of the cable giant’s stock valued at $12,326,000 after purchasing an additional 12,069 shares in the last quarter. 82.56% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on CMCSA shares. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Tuesday, January 5th. TD Securities cut shares of Comcast from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research note on Wednesday, November 25th. Morgan Stanley restated a “top pick” rating and set a $62.00 price objective (up from $57.00) on shares of Comcast in a research note on Wednesday, December 16th. Pivotal Research lifted their price objective on shares of Comcast from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, September 16th. Finally, Citigroup boosted their price target on shares of Comcast from $49.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $50.57.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 29th. The cable giant reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.14. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The company had revenue of $25.53 billion for the quarter, compared to analysts’ expectations of $24.73 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 2.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be issued a $0.23 dividend. The ex-dividend date is Tuesday, January 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. Comcast’s dividend payout ratio is currently 29.39%.
In other news, CEO Jeff Shell sold 5,582 shares of the stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $51.23, for a total transaction of $285,965.86. Following the transaction, the chief executive officer now owns 348,167 shares in the company, valued at approximately $17,836,595.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.14% of the stock is currently owned by company insiders.
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; and advertising services.
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