Tributary Capital Management LLC Has $761,000 Holdings in Comcast Co. (CMCSA)

Tributary Capital Management LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 89.8% during the third quarter, Holdings Channel reports. The fund owned 21,500 shares of the cable giant’s stock after selling 190,135 shares during the quarter. Tributary Capital Management LLC’s holdings in Comcast were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. WP Advisors LLC purchased a new position in shares of Comcast in the 2nd quarter worth about $105,000. Prentiss Smith & Co. Inc. raised its stake in Comcast by 229.5% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock valued at $108,000 after acquiring an additional 2,295 shares during the period. IMA Wealth Inc. bought a new stake in Comcast in the 2nd quarter valued at about $108,000. Acropolis Investment Management LLC bought a new stake in Comcast in the 3rd quarter valued at about $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Comcast in the 2nd quarter valued at about $129,000. 80.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CMCSA opened at $35.94 on Friday. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $44.00. The stock has a market cap of $169.06 billion, a PE ratio of 15.97, a P/E/G ratio of 1.15 and a beta of 1.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. Comcast’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 2.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.

A number of brokerages recently issued reports on CMCSA. Pivotal Research restated a “buy” rating on shares of Comcast in a research note on Friday, August 10th. Atlantic Securities upgraded Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price objective on the stock in a research note on Monday, August 6th. Oppenheimer restated a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, September 24th. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a research note on Monday, September 24th. Finally, Credit Suisse Group began coverage on Comcast in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $44.84.

In related news, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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