Robinson Value Management Ltd. lifted its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 136.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,360 shares of the cable giant's stock after purchasing an additional 59,107 shares during the period. Comcast makes up 2.5% of Robinson Value Management Ltd.'s investment portfolio, making the stock its 11th largest holding. Robinson Value Management Ltd.'s holdings in Comcast were worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC increased its position in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. boosted its stake in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth approximately $30,000. Iron Horse Wealth Management LLC grew its stake in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC raised its holdings in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on CMCSA. Pivotal Research increased their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Rosenblatt Securities decreased their price target on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Benchmark reduced their target price on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average target price of $44.13.
View Our Latest Report on CMCSA
Shares of Comcast stock opened at $34.37 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market capitalization of $129.95 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The stock's fifty day moving average is $37.71 and its 200-day moving average is $39.86.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. Comcast's dividend payout ratio is currently 29.88%.
In related news, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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