Whittier Trust Co. Grows Stake in Comcast Corporation (CMCSA)
Whittier Trust Co. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309,160 shares of the cable giant’s stock after purchasing an additional 10,958 shares during the period. Whittier Trust Co.’s holdings in Comcast were worth $11,893,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Zions Bancorporation grew its holdings in shares of Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the last quarter. Clear Perspective Advisors LLC lifted its stake in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast in the second quarter worth approximately $107,000. First Bank & Trust lifted its stake in shares of Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Finally, Founders Capital Management acquired a new position in shares of Comcast in the first quarter worth approximately $113,000. Institutional investors own 82.13% of the company’s stock.
Comcast Corporation (CMCSA) opened at $39.38 on Thursday. Comcast Corporation has a 12 month low of $34.12 and a 12 month high of $42.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $182,931.39, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,556 shares of company stock worth $22,958,411. Insiders own 1.28% of the company’s stock.
A number of equities analysts recently commented on CMCSA shares. ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Pivotal Research lifted their price objective on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Moffett Nathanson raised Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Barclays cut their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Finally, KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a research note on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and a consensus target price of $45.72.
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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