Arvest Bank Trust Division lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,478 shares of the cable giant’s stock after selling 26,915 shares during the quarter. Comcast comprises 1.4% of Arvest Bank Trust Division’s investment portfolio, making the stock its 17th biggest holding. Arvest Bank Trust Division’s holdings in Comcast were worth $21,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Nuveen Asset Management LLC boosted its holdings in Comcast by 1,088.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 40,918,884 shares of the cable giant’s stock valued at $1,730,050,000 after purchasing an additional 37,474,814 shares during the period. APG Asset Management N.V. lifted its holdings in shares of Comcast by 89.7% during the 2nd quarter. APG Asset Management N.V. now owns 19,074,628 shares of the cable giant’s stock worth $708,180,000 after acquiring an additional 9,020,100 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Comcast by 2.7% during the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after acquiring an additional 8,635,296 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Comcast by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after acquiring an additional 7,792,136 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd bought a new stake in shares of Comcast during the 2nd quarter worth $305,744,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.
Comcast stock traded up $0.49 during midday trading on Friday, reaching $45.19. 13,741,600 shares of the company traded hands, compared to its average volume of 17,858,869. The business has a 50 day moving average of $45.15 and a two-hundred day moving average of $43.80. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.86. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The firm has a market capitalization of $201.44 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.04. The firm had revenue of $26.83 billion for the quarter, compared to analyst estimates of $26.77 billion. Comcast had a net margin of 11.45% and a return on equity of 24.25%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, equities analysts forecast that Comcast Co. will post 3.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.86%. The ex-dividend date is Tuesday, January 7th. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
CMCSA has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Bank of America set a $58.00 price target on shares of Comcast and gave the stock a “buy” rating in a research note on Wednesday, August 21st. ValuEngine downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Citigroup boosted their price target on shares of Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, Benchmark assumed coverage on shares of Comcast in a research report on Wednesday, September 25th. They issued a “buy” rating and a $64.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. Comcast presently has an average rating of “Buy” and a consensus target price of $50.52.
In other news, Director Sheldon M. Bonovitz sold 5,600 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $45.47, for a total value of $254,632.00. Following the completion of the sale, the director now owns 27,912 shares in the company, valued at $1,269,158.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Insiders have sold a total of 518,696 shares of company stock worth $23,333,254 over the last three months. 1.35% of the stock is currently owned by corporate insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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