In the fourth quarter, Coldstream Capital Management Inc. procured a new stake in Comcast Co. (NASDAQ:CMCSA – Get Rating) as declared by the corporation in its most recent Form 13F filing with the SEC. The firm obtained 162,740 shares of the cable conglomerate’s stock, amounting to roughly $5,691,000.
Recently, a host of other hedge funds and institutional investors have also adjusted their holdings in the company. Stillwater Investment Management LLC advanced its position in Comcast shares by 0.8% in Q4, and now possesses 61,953 shares of the cable behemoth’s stock, which is valued at $2,167,000 after procuring an additional 499 shares during the same time period.
Furthermore, Single Point Partners LLC procured a new stake in Comcast shares in Q4, which amounted to about $403,000. Gradient Investments LLC also amplified its holdings in Comcast shares by 16.7% during the same time period, which now amounts to 634,712 shares of the cable giant’s stock worth $22,196,000 after buying an additional 90,919 shares in that time frame.
Similarly, CWA Asset Management Group LLC also increased its holdings in Comcast shares by 3.0% during Q4. The company now owns 113,061 shares of the cable conglomerate’s stock worth $3,954,000 after procuring an additional 3,344 shares during that period.
Lastly, Brookstone Capital Management increased its holdings in Comcast shares by 56.3% during the fourth quarter, owning 138,797 shares of the cable giant’s stock worth $5,259,000 after procuring an additional 49,984 shares during the same period. Notably, institutional investors currently own 82.23% of the company’s stock.
Analyst Upgrades and Downgrades
Numerous brokerages have proffered their opinions regarding Comcast Corporation (CMCSA). TheStreet, in a report on Thursday, January 26th, upgraded the stock rating from “c” to “b-“. Meanwhile, Cowen, in a report on Friday, January 27th, lowered their price objective on CMCSA shares from $49.00 to $46.00 and granted an “outperform” rating to the corporation.
Subsequently, KGI Securities downgraded CMCSA shares from an “outperform” rating to a “neutral” rating in a report dated Wednesday, February 22nd. JPMorgan Chase & Co., on the other hand, issued a report on Friday, January 27th, in which they boosted their price objective on the company’s shares from $40.00 to $43.00, and assigned a “neutral” rating to the stock.
Lastly, Bank of America, in a report dated Tuesday, February 28th, reaffirmed its “neutral” rating and allocated a $44.00 price objective to CMCSA shares. Of the twenty-five investment analysts who have voiced their opinion on the company, two have rendered a “sell” rating, nine have issued a “hold” rating, while the remaining fourteen have granted a “buy” rating to the company. MarketBeat.com’s data indicate that the stock currently possesses an average rating of “Hold,” with an average target price of $44.29.
The shares of NASDAQ:CMCSA exhibited a downward trend by $0.10 during Friday’s trading session, culminating at a price point of $36.14. The security, which traded at a volume of 5,992,970 shares, failed to meet the average daily trading volume of 19,345,762 shares. The company’s 50-day and 200-day moving averages stood at $38.22 and $35.10, respectively.
With a debt-to-equity ratio of 1.20, a quick ratio of 0.78, and a current ratio of 0.78, Comcast Co. was able to maintain its financial stability. The stock witnessed a 52-week low of $28.39 and a 52-week high of $48.42, demonstrating a highly volatile behavior. Moreover, Comcast Co.’s market capitalization stood at $152.37 billion, with a price-to-earnings ratio of 30.45, a P/E/G ratio of 0.74, and a beta of 1.00.
On Thursday, January 26th, Comcast (NASDAQ:CMCSA – Get Rating) announced its latest earnings results. The cable behemoth reported an earnings per share (EPS) of $0.82, outperforming the consensus estimate of $0.78 by $0.04. The company’s revenue for the quarter was $30.55 billion, exceeding analysts’ expectations of $30.36 billion.
Comcast’s net margin and return on equity were 4.42% and 18.40%, respectively. In comparison to the previous year’s corresponding period, Comcast’s revenue increased by 0.7%. In the same timeframe, the company had reported an EPS of $0.77. As a cohort, equity analysts foresee that Comcast Co. will post an EPS of 3.67 for the present fiscal year.
Comcast Increases Dividend
The commercial enterprise, Comcast, has recently unveiled its declaration regarding a quarterly dividend, which is scheduled to be disbursed on the 26th of April, Wednesday. Shareholders of record, as of the 5th of April, Wednesday, shall be receiving a dividend payment of $0.29 per share.
The ex-dividend date of this dividend is stated as the 4th of April, Tuesday. Notably, this development is an optimistic alteration from the company’s previous quarterly dividend, which stood at $0.27. Moreover, the stated annualized dividend of $1.16 equates to a yield of 3.21%. Comcast’s prevailing dividend payout ratio is reported as 90.76%.
Disclosures on Trading by Company Insiders
In additional news relating to Comcast, a major shareholder, Corp Comcast, proceeded to offload 37,176 shares of the company’s stock in a transaction that took place on Tuesday, February 21st. The shares were sold at an average price of $2.03, with the total transaction amounting to $75,467.28. Subsequent to this transaction, the insider currently holds 19,507,693 shares in the company, valued at $39,600,616.79.
This transaction was disclosed in a filing with the SEC, accessible via the following link. Over the last ninety days, insiders have sold a total of 7,527,791 shares of company stock, with a total value of $19,025,007. Notably, 1.11% of the stock is under the ownership of corporate insiders.