Comcast Corporation (CMCSA) Stake Lowered by Farr Miller & Washington LLC DC
Farr Miller & Washington LLC DC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,572 shares of the cable giant’s stock after selling 800 shares during the period. Farr Miller & Washington LLC DC’s holdings in Comcast Corporation were worth $411,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of CMCSA. Busey Trust CO increased its stake in shares of Comcast Corporation by 90.4% in the first quarter. Busey Trust CO now owns 7,814 shares of the cable giant’s stock worth $294,000 after purchasing an additional 3,710 shares during the period. Pineno Levin & Ford Asset Management Inc. increased its stake in Comcast Corporation by 95.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 189,766 shares of the cable giant’s stock valued at $7,133,000 after acquiring an additional 92,593 shares during the period. Meridian Investment Counsel Inc. increased its stake in Comcast Corporation by 100.0% during the first quarter. Meridian Investment Counsel Inc. now owns 63,888 shares of the cable giant’s stock valued at $2,402,000 after acquiring an additional 31,944 shares during the period. Halbert Hargrove Russell LLC increased its stake in Comcast Corporation by 88.5% during the first quarter. Halbert Hargrove Russell LLC now owns 7,922 shares of the cable giant’s stock valued at $298,000 after acquiring an additional 3,719 shares during the period. Finally, CKW Financial Group increased its stake in Comcast Corporation by 100.0% during the first quarter. CKW Financial Group now owns 4,178 shares of the cable giant’s stock valued at $157,000 after acquiring an additional 2,089 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $37.25 on Tuesday. The company has a market cap of $172,228.45, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 1 year low of $33.09 and a 1 year high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. equities research analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s payout ratio is 30.36%.
COPYRIGHT VIOLATION WARNING: “Comcast Corporation (CMCSA) Stake Lowered by Farr Miller & Washington LLC DC” was posted by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.watchlistnews.com/comcast-corporation-cmcsa-stake-lowered-by-farr-miller-washington-llc-dc/1701583.html.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
CMCSA has been the topic of several research reports. Nomura lowered their price target on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Comcast Corporation in a report on Sunday, September 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a report on Wednesday, October 18th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Argus lifted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and a consensus price target of $45.84.
Comcast Corporation 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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.