Personal Capital Advisors Corp lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 900,709 shares of the cable giant’s stock after acquiring an additional 39,498 shares during the quarter. Personal Capital Advisors Corp’s holdings in Comcast were worth $36,073,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Cibc Bank USA boosted its stake in Comcast by 3.0% during the 4th quarter. Cibc Bank USA now owns 47,757 shares of the cable giant’s stock valued at $1,913,000 after purchasing an additional 1,409 shares during the period. Bridge Creek Capital Management LLC boosted its stake in Comcast by 4.5% during the 4th quarter. Bridge Creek Capital Management LLC now owns 94,118 shares of the cable giant’s stock valued at $3,769,000 after purchasing an additional 4,055 shares during the period. State of Alaska Department of Revenue boosted its stake in Comcast by 1,096.2% during the 4th quarter. State of Alaska Department of Revenue now owns 476,976 shares of the cable giant’s stock valued at $19,100,000 after purchasing an additional 437,102 shares during the period. BKD Wealth Advisors LLC boosted its stake in Comcast by 11.6% during the 4th quarter. BKD Wealth Advisors LLC now owns 27,141 shares of the cable giant’s stock valued at $1,087,000 after purchasing an additional 2,827 shares during the period. Finally, Smithbridge Asset Management Inc. DE bought a new stake in Comcast during the 4th quarter valued at approximately $204,000. Institutional investors own 82.26% of the company’s stock.
In related news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 784,158 shares of company stock valued at $31,070,439. 1.28% of the stock is currently owned by insiders.
Comcast Co. (NASDAQ CMCSA) opened at $39.47 on Wednesday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $184,804.94, a P/E ratio of 19.32, a PEG ratio of 1.53 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the firm posted $0.89 EPS. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. research analysts predict that Comcast Co. will post 2.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.93%. Comcast’s dividend payout ratio is presently 13.21%.
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Comcast Company Profile
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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