Cox Capital Mgt LLC Has $1.35 Million Holdings in Comcast Co. (CMCSA)
Cox Capital Mgt LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,730 shares of the cable giant’s stock after purchasing an additional 612 shares during the quarter. Cox Capital Mgt LLC’s holdings in Comcast were worth $1,349,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Burns J W & Co. Inc. NY bought a new stake in shares of Comcast during the 1st quarter valued at approximately $207,000. First Hawaiian Bank grew its holdings in shares of Comcast by 32.2% during the 1st quarter. First Hawaiian Bank now owns 155,380 shares of the cable giant’s stock valued at $6,212,000 after purchasing an additional 37,845 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Comcast by 64.7% during the 1st quarter. Private Trust Co. NA now owns 45,647 shares of the cable giant’s stock valued at $1,824,000 after purchasing an additional 17,935 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Comcast by 99.5% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 87,405 shares of the cable giant’s stock valued at $3,495,000 after purchasing an additional 43,582 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its holdings in shares of Comcast by 15.6% during the 1st quarter. Donaldson Capital Management LLC now owns 113,021 shares of the cable giant’s stock valued at $4,519,000 after purchasing an additional 15,250 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.
CMCSA opened at $42.43 on Monday. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $42.83. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $197.07 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.21 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is currently 32.94%.
In other news, SVP Daniel C. Murdock sold 1,038 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total value of $43,596.00. Following the sale, the senior vice president now directly owns 3,707 shares of the company’s stock, valued at approximately $155,694. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David L. Cohen sold 275,746 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the completion of the sale, the executive vice president now directly owns 650,656 shares in the company, valued at $24,080,778.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,290,226 shares of company stock worth $49,311,328. Insiders own 1.31% of the company’s stock.
CMCSA has been the topic of several research reports. Macquarie reaffirmed a “hold” rating and set a $39.00 price target on shares of Comcast in a report on Monday, December 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Comcast in a report on Tuesday, January 22nd. TD Securities lifted their price target on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.45.
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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, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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