Johnson Financial Group Inc. Sells 37,754 Shares of Comcast (CMCSA)
Johnson Financial Group Inc. decreased its stake in Comcast (NASDAQ:CMCSA) by 31.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,132 shares of the cable giant’s stock after selling 37,754 shares during the quarter. Johnson Financial Group Inc.’s holdings in Comcast were worth $2,875,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in CMCSA. Sky Investment Group LLC lifted its stake in shares of Comcast by 7.3% during the 4th quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock worth $1,487,000 after acquiring an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in shares of Comcast by 32.1% during the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock worth $4,204,000 after acquiring an additional 25,508 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Comcast by 1.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock worth $4,016,000 after acquiring an additional 1,853 shares during the last quarter. Hoylecohen LLC bought a new stake in shares of Comcast during the 4th quarter worth approximately $211,000. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Comcast by 26.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 10,298 shares of the cable giant’s stock worth $412,000 after acquiring an additional 2,180 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.
In other news, EVP David N. Watson sold 131,447 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total value of $4,835,935.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 916 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the transaction, the senior vice president now owns 2,120 shares in the company, valued at $70,384. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,210,111 shares of company stock valued at $44,299,007. Corporate insiders own 1.28% of the company’s stock.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. research analysts expect that Comcast will post 2.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, July 2nd. Comcast’s payout ratio is 36.89%.
A number of equities research analysts recently issued reports on the company. KeyCorp raised Comcast to an “overweight” rating in a research note on Thursday. Atlantic Securities lowered Comcast from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 8th. ValuEngine lowered Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Macquarie reaffirmed a “hold” rating and set a $38.00 target price on shares of Comcast in a research report on Sunday, April 29th. Finally, TD Securities decreased their target price on Comcast from $51.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $46.23.
Comcast Company Profile
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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