Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,542 shares of the cable giant’s stock after purchasing an additional 300 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Comcast were worth $223,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Capital International Investors raised its stake in shares of Comcast by 363.4% during the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after buying an additional 96,201,446 shares during the last quarter. FMR LLC raised its stake in shares of Comcast by 10.2% during the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after buying an additional 11,459,543 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Comcast by 17.6% during the 3rd quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after buying an additional 5,499,850 shares during the last quarter. BlackRock Inc. raised its stake in shares of Comcast by 1.0% during the 3rd quarter. BlackRock Inc. now owns 318,519,731 shares of the cable giant’s stock worth $11,278,785,000 after buying an additional 3,046,799 shares during the last quarter. Finally, Findlay Park Partners LLP raised its stake in shares of Comcast by 41.5% during the 3rd quarter. Findlay Park Partners LLP now owns 9,203,457 shares of the cable giant’s stock worth $325,894,000 after buying an additional 2,700,000 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.
CMCSA opened at $39.87 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $183.74 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $39.95.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The firm’s revenue was up 26.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, sell-side analysts forecast that Comcast Co. will post 2.73 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.21 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 annualized dividend and a yield of 2.11%. Comcast’s payout ratio is 29.80%.
In other news, EVP Arthur R. Block sold 4,129 shares of the business’s stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $33.80, for a total transaction of $139,560.20. Following the completion of the sale, the executive vice president now owns 67,912 shares in the company, valued at approximately $2,295,425.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David N. Watson sold 201,007 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $38.31, for a total value of $7,700,578.17. Following the sale, the executive vice president now owns 817,992 shares of the company’s stock, valued at approximately $31,337,273.52. The disclosure for this sale can be found here. Insiders sold a total of 912,661 shares of company stock valued at $34,195,979 in the last 90 days. 1.31% of the stock is owned by company insiders.
Several research analysts recently weighed in on the stock. Macquarie reissued a “hold” rating and issued a $39.00 target price on shares of Comcast in a research note on Monday, December 24th. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. TD Securities boosted their target price on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $44.00 target price on shares of Comcast in a research note on Tuesday, January 22nd. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus 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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