Ashton Thomas Private Wealth LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 55.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,969 shares of the cable giant's stock after selling 187,795 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Comcast were worth $4,572,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Voya Financial Advisors Inc. increased its holdings in Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant's stock worth $2,963,000 after buying an additional 2,593 shares during the last quarter. United Bank increased its holdings in Comcast by 11.3% in the second quarter. United Bank now owns 42,216 shares of the cable giant's stock worth $1,507,000 after buying an additional 4,290 shares during the last quarter. HUB Investment Partners LLC increased its holdings in Comcast by 119.4% in the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant's stock worth $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in Comcast by 66.8% in the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant's stock worth $1,414,000 after buying an additional 15,865 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Comcast
In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company's stock, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by insiders.
Comcast Stock Down 0.2%
Shares of Comcast stock opened at $27.51 on Tuesday. The stock has a market capitalization of $98.98 billion, a P/E ratio of 5.42, a PEG ratio of 2.30 and a beta of 0.80. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a 50 day moving average price of $29.65 and a two-hundred day moving average price of $29.04. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $36.66.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analysts' expectations of $30.42 billion. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The company's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities analysts expect that Comcast Corporation will post 3.44 earnings per share for the current year.
Comcast Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast's dividend payout ratio is presently 25.98%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Citigroup increased their price objective on Comcast from $33.00 to $35.50 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen upgraded Comcast to a "hold" rating in a report on Saturday, March 14th. Scotiabank increased their price objective on Comcast from $34.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday. KeyCorp restated a "sector weight" rating on shares of Comcast in a report on Thursday. Finally, Arete Research set a $23.00 price objective on Comcast in a report on Tuesday, January 6th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $34.94.
View Our Latest Analysis on Comcast
About Comcast
(
Free Report)
Comcast Corporation NASDAQ: CMCSA is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.
NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.
Further Reading
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