Comcast Co. (CMCSA) Holdings Cut by Union Bankshares Corp
Union Bankshares Corp trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 14.7% during the 4th quarter, HoldingsChannel reports. The firm owned 8,743 shares of the cable giant’s stock after selling 1,512 shares during the quarter. Union Bankshares Corp’s holdings in Comcast were worth $350,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MPS Loria Financial Planners LLC purchased a new position in Comcast during the second quarter valued at $107,000. Wealthcare Advisory Partners LLC purchased a new position in Comcast during the third quarter valued at $104,000. Clear Perspective Advisors LLC lifted its holdings in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. Willingdon Wealth Management purchased a new position in shares of Comcast in the third quarter worth about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Comcast in the second quarter worth about $165,000. 82.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $38.57 on Monday. Comcast Co. has a 12-month low of $34.78 and a 12-month high of $44.00. The firm has a market cap of $179,138.63, a PE ratio of 8.09, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend 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 1.97%. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 784,158 shares of company stock valued at $31,070,439. Company insiders own 1.28% of the company’s stock.
CMCSA has been the topic of several research reports. KeyCorp reissued a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, October 18th. Wells Fargo & Co reissued a “buy” rating and issued a $49.00 price target on shares of Comcast in a research note on Monday, October 23rd. Finally, Pivotal Research raised their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have assigned a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average target price of $47.74.
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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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