Harel Insurance Investments & Financial Services Ltd. lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 23.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,900 shares of the cable giant’s stock after selling 2,700 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Comcast were worth $342,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Connecticut Wealth Management LLC increased its holdings in shares of Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. grew its stake in Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the last quarter. Clarius Group LLC grew its stake in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares during the last quarter. GM Advisory Group Inc. grew its stake in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares during the last quarter. Finally, Peoples Bank OH grew its stake in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $40.41 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $188,870.00, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.80 and a beta of 1.00. Comcast Corporation has a twelve month low of $34.59 and a twelve month high of $42.18.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. Comcast’s payout ratio is currently 29.72%.
CMCSA has been the topic of several analyst reports. Barclays decreased their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. KeyCorp reissued a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Pivotal Research reissued a “buy” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, December 19th. Finally, Robert W. Baird reissued a “buy” rating and issued a $43.00 target price on shares of Comcast in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.72.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock valued at $22,961,401 in the last ninety days. Company insiders own 1.28% of the company’s stock.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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