Greystone Managed Investments Inc. Has $10.15 Million Stake in Comcast Co. (CMCSA)
Greystone Managed Investments Inc. decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 263,748 shares of the cable giant’s stock after selling 1,871 shares during the period. Greystone Managed Investments Inc.’s holdings in Comcast were worth $10,149,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Connecticut Wealth Management LLC grew its holdings in Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares during the last quarter. Financial Consulate Inc. grew its holdings in Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares during the last quarter. Clarius Group LLC grew its holdings in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after buying an additional 32 shares during the last quarter. GM Advisory Group Inc. grew its holdings in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares during the last quarter. Finally, Peoples Bank OH grew its holdings in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares during the last quarter. 82.20% of the stock is currently owned by institutional investors and hedge funds.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock valued at $22,961,401 in the last 90 days. 1.28% of the stock is owned by corporate insiders.
Comcast Co. (CMCSA) opened at $41.82 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $198,354.83, a P/E ratio of 20.15, a P/E/G ratio of 1.86 and a beta of 1.00. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $42.71.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. analysts forecast that Comcast Co. will post 2.05 earnings per share for the current fiscal year.
The business also recently announced 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 is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.50%. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
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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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