Bristol Advisors LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 800,000 shares of the cable giant’s stock, valued at approximately $32,040,000. Comcast accounts for about 20.0% of Bristol Advisors LLC’s portfolio, making the stock its biggest holding.
Other large investors have also added to or reduced their stakes in the company. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Comcast by 3.8% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 33,851 shares of the cable giant’s stock valued at $1,356,000 after buying an additional 1,252 shares during the period. Stillwater Capital Advisors LLC increased its holdings in Comcast by 0.6% in the 4th quarter. Stillwater Capital Advisors LLC now owns 264,136 shares of the cable giant’s stock valued at $10,578,000 after buying an additional 1,477 shares during the period. Daiwa SB Investments Ltd. increased its holdings in Comcast by 41.3% in the 4th quarter. Daiwa SB Investments Ltd. now owns 6,940 shares of the cable giant’s stock valued at $278,000 after buying an additional 2,030 shares during the period. Sawyer & Company Inc bought a new position in Comcast in the 4th quarter valued at about $1,582,000. Finally, Rockland Trust Co. increased its holdings in Comcast by 3.6% in the 4th quarter. Rockland Trust Co. now owns 361,752 shares of the cable giant’s stock valued at $14,488,000 after buying an additional 12,635 shares during the period. 82.52% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. OTR Global lowered shares of Comcast to a “positive” rating in a report on Monday, October 30th. Guggenheim raised their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Evercore ISI reiterated an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Bank of America lifted their target price on shares of Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Buckingham Research initiated coverage on shares of Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 target price on the stock. One investment 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 stock. The company presently has an average rating of “Buy” and a consensus target price of $47.74.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS. equities research analysts forecast that Comcast Co. will post 2.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is 13.18%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock worth $31,070,439 in the last 90 days. Corporate insiders own 1.28% of the company’s stock.
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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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