CNA Financial Corp Has $4.92 Million Position in Comcast Corporation (CMCSA)

CNA Financial Corp cut its position in Comcast Corporation (NASDAQ:CMCSA) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,800 shares of the cable giant’s stock after selling 35,400 shares during the quarter. Comcast comprises approximately 1.2% of CNA Financial Corp’s holdings, making the stock its 17th biggest position. CNA Financial Corp’s holdings in Comcast were worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Connecticut Wealth Management LLC grew its stake in shares of Comcast by 0.4% in the second 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 in the last quarter. Financial Consulate Inc. grew its stake in shares of Comcast by 0.5% in the second 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 in the last quarter. Clarius Group LLC grew its stake in shares of Comcast by 0.4% in the second 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 in the last quarter. GM Advisory Group Inc. grew its stake in shares of Comcast by 0.9% in the second 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 in the last quarter. Finally, Peoples Bank OH grew its stake in shares of Comcast by 0.9% in the second 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 in the last quarter. 82.13% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on CMCSA. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and lifted their price objective for the stock from $42.60 to $51.00 in a research report on Friday. Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of Comcast in a research report on Thursday, December 7th. Barclays reduced their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. Finally, OTR Global cut shares of Comcast to a “positive” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. Comcast has an average rating of “Buy” and an average price target of $46.15.

In other news, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction 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 sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock valued at $22,961,401 in the last three months. Insiders own 1.28% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $42.44 on Friday. Comcast Corporation has a twelve month low of $34.78 and a twelve month high of $42.71. 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 firm has a market capitalization of $198,350.00, a price-to-earnings ratio of 20.02, a PEG ratio of 1.85 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. research analysts forecast that Comcast Corporation will post 2.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 29.72%.

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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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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