Capital Wealth Planning LLC continued to hold its position in shares of Comcast Corporation (NASDAQ:CMCSA) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,250 shares of the cable giant’s stock at the end of the third quarter. Capital Wealth Planning LLC’s holdings in Comcast Corporation were worth $547,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Kistler Tiffany Companies LLC increased its stake in Comcast Corporation by 0.3% in the third quarter. Kistler Tiffany Companies LLC now owns 4,956 shares of the cable giant’s stock valued at $329,000 after buying an additional 17 shares during the last quarter. Truepoint Inc. increased its stake in Comcast Corporation by 0.5% in the third quarter. Truepoint Inc. now owns 6,852 shares of the cable giant’s stock valued at $455,000 after buying an additional 31 shares during the last quarter. Community Bank N.A. increased its stake in Comcast Corporation by 0.3% in the third quarter. Community Bank N.A. now owns 16,260 shares of the cable giant’s stock valued at $1,079,000 after buying an additional 56 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Comcast Corporation by 0.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 16,497 shares of the cable giant’s stock valued at $1,094,000 after buying an additional 62 shares during the last quarter. Finally, Cypress Wealth Advisors LLC increased its stake in Comcast Corporation by 1.0% in the second quarter. Cypress Wealth Advisors LLC now owns 6,676 shares of the cable giant’s stock valued at $435,000 after buying an additional 63 shares during the last quarter. 82.25% of the stock is owned by hedge funds and other institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at 75.15 on Friday. The stock’s 50 day moving average price is $72.78 and its 200-day moving average price is $67.99. Comcast Corporation has a 12 month low of $56.59 and a 12 month high of $76.87. The stock has a market cap of $178.54 billion, a price-to-earnings ratio of 21.05 and a beta of 1.07. Comcast Corporation shares are going to split on Monday, February 20th. The 2-1 split was announced on Thursday, January 26th. The newly issued shares will be distributed to shareholders after the market closes on Friday, February 17th.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, beating the consensus estimate of $0.87 by $0.02. Comcast Corporation had a net margin of 10.81% and a return on equity of 15.30%. The company had revenue of $21 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post $3.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a $0.1575 dividend. The ex-dividend date is Monday, April 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Comcast Corporation’s previous quarterly dividend of $0.14. Comcast Corporation’s dividend payout ratio is 30.81%.
CMCSA has been the topic of several recent research reports. Macquarie upgraded Comcast Corporation from a “neutral” rating to an “outperform” rating and increased their target price for the company from $69.00 to $77.00 in a research note on Monday, October 24th. Instinet increased their target price on Comcast Corporation from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price (up from $76.00) on shares of Comcast Corporation in a research note on Thursday, January 5th. Deutsche Bank AG upgraded Comcast Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $68.00 to $88.00 in a research note on Friday, January 13th. Finally, HSBC Holdings plc began coverage on Comcast Corporation in a research note on Thursday, January 19th. They set a “buy” rating and a $83.00 target price on the stock. Twenty-two research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Comcast Corporation currently has an average rating of “Buy” and an average price target of $79.03.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,500 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $70.05, for a total value of $175,125.00. Following the completion of the transaction, the director now owns 14,064 shares in the company, valued at $985,183.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil Smit sold 133,314 shares of the company’s stock in a transaction dated Monday, January 30th. The stock was sold at an average price of $75.31, for a total transaction of $10,039,877.34. Following the completion of the transaction, the executive vice president now owns 191,837 shares of the company’s stock, valued at approximately $14,447,244.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 229,839 shares of company stock valued at $17,165,153. Insiders own 1.27% of the company’s stock.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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