Rothschild Investment Corp IL reduced its position in Comcast Co. (NASDAQ:CMCSA) by 59.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,935 shares of the cable giant’s stock after selling 10,110 shares during the period. Rothschild Investment Corp IL’s holdings in Comcast were worth $246,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. WP Advisors LLC acquired a new stake in Comcast in the 2nd quarter worth approximately $105,000. IMA Wealth Inc. acquired a new stake in Comcast in the 2nd quarter worth approximately $108,000. Prentiss Smith & Co. Inc. boosted its stake in Comcast by 229.5% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares in the last quarter. Acropolis Investment Management LLC acquired a new stake in Comcast in the 3rd quarter worth approximately $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Comcast in the 2nd quarter worth approximately $129,000. Institutional investors and hedge funds own 80.27% of the company’s stock.
Several brokerages have commented on CMCSA. 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 shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Evercore ISI began coverage on shares of Comcast in a research note on Thursday. They set an “outperform” rating for the company. Robert W. Baird decreased their price objective on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Monday, July 30th. Finally, Raymond James upgraded shares of Comcast from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $44.84.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Analysts expect that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.
In related news, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 6,448 shares of the business’s 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 of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by 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.
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