Comcast Co. (CMCSA) Shares Sold by Gratus Capital LLC
Gratus Capital LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,115 shares of the cable giant’s stock after selling 22,953 shares during the quarter. Comcast comprises approximately 0.9% of Gratus Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Gratus Capital LLC’s holdings in Comcast were worth $6,508,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Comcast by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after purchasing an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Comcast by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock valued at $2,048,075,000 after purchasing an additional 522,139 shares during the last quarter. Veritas Asset Management LLP boosted its holdings in Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after purchasing an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Comcast by 6.0% in the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after purchasing an additional 1,839,436 shares during the last quarter. 82.20% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,402 shares of company stock valued at $22,961,401. Insiders own 1.28% of the company’s stock.
Comcast Co. (CMCSA) opened at $42.50 on Friday. Comcast Co. has a 1 year low of $34.78 and a 1 year high of $42.71. 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 firm has a market cap of $198,635.27, a PE ratio of 21.09, a P/E/G ratio of 1.84 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts forecast that Comcast Co. will post 2.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
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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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