Davis R M Inc. Has $7.72 Million Stake in Comcast Co. (CMCSA)

Davis R M Inc. decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,102 shares of the cable giant’s stock after selling 6,213 shares during the period. Davis R M Inc.’s holdings in Comcast were worth $7,723,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Carroll Financial Associates Inc. raised its stake in Comcast by 13.4% during the second quarter. Carroll Financial Associates Inc. now owns 12,234 shares of the cable giant’s stock valued at $401,000 after buying an additional 1,444 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Comcast by 1.2% during the second quarter. First Citizens Bank & Trust Co. now owns 124,543 shares of the cable giant’s stock valued at $4,087,000 after buying an additional 1,493 shares in the last quarter. Aries Wealth Management raised its stake in Comcast by 11.6% during the second quarter. Aries Wealth Management now owns 14,395 shares of the cable giant’s stock valued at $515,000 after buying an additional 1,500 shares in the last quarter. Resources Investment Advisors Inc. raised its stake in Comcast by 51.4% during the second quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock valued at $147,000 after buying an additional 1,516 shares in the last quarter. Finally, Perkins Coie Trust Co raised its stake in Comcast by 2.1% during the second quarter. Perkins Coie Trust Co now owns 74,403 shares of the cable giant’s stock valued at $2,440,000 after buying an additional 1,534 shares in the last quarter. 80.15% of the stock is owned by institutional investors.

Shares of NASDAQ:CMCSA opened at $36.40 on Thursday. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The firm has a market cap of $164.46 billion, a PE ratio of 17.67, a P/E/G ratio of 1.12 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Comcast Co. will post 2.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a dividend yield of 2.09%. Comcast’s dividend payout ratio is 36.89%.

Several analysts have issued reports on the company. Pivotal Research restated a “buy” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, June 26th. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Robert W. Baird cut their price objective on Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, July 30th. Raymond James raised Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. Finally, Credit Suisse Group started coverage on Comcast in a report on Tuesday, July 10th. They set a “neutral” rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. Comcast has an average rating of “Buy” and a consensus target price of $44.85.

In related news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

See Also: Initial Public Offering (IPO)

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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