Wealth Architects LLC Has $237,000 Position in Comcast Corporation (CMCSA)
Wealth Architects LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,112 shares of the cable giant’s stock after selling 979 shares during the quarter. Wealth Architects LLC’s holdings in Comcast Corporation were worth $237,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp raised its position in Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after acquiring an additional 98,570,377 shares during the period. Clearbridge Investments LLC raised its position in Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Ameriprise Financial Inc. raised its position in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after purchasing an additional 29,199,805 shares during the period. Bank of New York Mellon Corp raised its position in shares of Comcast Corporation by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after purchasing an additional 680,012 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after purchasing an additional 12,625,830 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.
Several research firms have recently issued reports on CMCSA. Buckingham Research began coverage on shares of Comcast Corporation in a research report on Monday. They issued a “buy” rating and a $48.00 price target on the stock. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research report on Friday, November 17th. OTR Global lowered shares of Comcast Corporation to a “positive” rating in a research report on Monday, October 30th. Nomura lowered their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, Barclays PLC decreased their target price on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.93.
Comcast Corporation (CMCSA) opened at $36.42 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 1-year low of $34.01 and a 1-year high of $42.18. The company has a market cap of $167,461.22, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data 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. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. sell-side analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.72%. Comcast Corporation’s payout ratio is 30.36%.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
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.
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