Comcast Co. (CMCSA) Stake Raised by Cape Cod Five Cents Savings Bank
Cape Cod Five Cents Savings Bank lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 94.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,221 shares of the cable giant’s stock after acquiring an additional 35,495 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Comcast were worth $2,932,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast during the 2nd quarter worth about $107,000. Vigilant Capital Management LLC raised its position in shares of Comcast by 474.2% during the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after purchasing an additional 2,134 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $104,000. Clear Perspective Advisors LLC raised its position in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Tower View Investment Management & Research LLC acquired a new position in shares of Comcast during the 4th quarter worth about $109,000. 83.44% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently weighed in on CMCSA shares. TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Nomura restated a “neutral” rating and set a $42.00 price target (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research upped their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, UBS reduced their price target on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $50.25.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. Comcast’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. equities research analysts expect that Comcast Co. will post 2.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.29%. Comcast’s dividend payout ratio is presently 13.21%.
In other news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were 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 owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 691,105 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,386,660 shares of company stock valued at $51,959,317. 1.28% of the stock is owned by insiders.
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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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