Pennsylvania Trust Co Has $27.07 Million Position in Comcast Co. (CMCSA)
Pennsylvania Trust Co increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,910 shares of the cable giant’s stock after purchasing an additional 71,660 shares during the quarter. Comcast accounts for 1.2% of Pennsylvania Trust Co’s holdings, making the stock its 17th largest holding. Pennsylvania Trust Co’s holdings in Comcast were worth $27,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Comcast by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Comcast by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after purchasing an additional 432,491 shares in the last quarter. Capital International Investors grew its stake in Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares in the last quarter. Finally, Veritas Asset Management LLP grew its stake in Comcast by 3.7% during the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after purchasing an additional 1,189,200 shares in the last quarter. 82.52% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of 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 sold a total of 784,158 shares of company stock valued at $31,070,439 over the last three months. Company insiders own 1.28% of the company’s stock.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. analysts anticipate that Comcast Co. will post 2.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders 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. This represents a $0.76 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is presently 13.18%.
CMCSA has been the subject of a number of recent analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. Bank of America lifted their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. TD Securities lifted their price target on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Co lifted their price target on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and a consensus target price of $47.74.
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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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