Fiduciary Trust Co. Raises Stake in Comcast Corporation (CMCSA)

Fiduciary Trust Co. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 356,731 shares of the cable giant’s stock after purchasing an additional 26,643 shares during the quarter. Fiduciary Trust Co.’s holdings in Comcast were worth $13,727,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership lifted its position in Comcast by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after acquiring an additional 451,551 shares in the last quarter. Alley Co LLC raised its position in shares of Comcast by 115.1% in the 1st quarter. Alley Co LLC now owns 151,697 shares of the cable giant’s stock valued at $5,702,000 after purchasing an additional 81,160 shares in the last quarter. Barber Financial Group Inc. raised its position in shares of Comcast by 110.6% in the 1st quarter. Barber Financial Group Inc. now owns 6,134 shares of the cable giant’s stock valued at $231,000 after purchasing an additional 3,221 shares in the last quarter. Tiemann Investment Advisors LLC raised its position in shares of Comcast by 95.0% in the 1st quarter. Tiemann Investment Advisors LLC now owns 7,850 shares of the cable giant’s stock valued at $295,000 after purchasing an additional 3,825 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new position in shares of Comcast in the 1st quarter valued at approximately $253,000. Institutional investors and hedge funds own 82.13% of the company’s stock.

Comcast Corporation (NASDAQ CMCSA) opened at $40.67 on Friday. Comcast Corporation has a 52 week low of $34.70 and a 52 week high of $42.18. The company has a market capitalization of $190,080.00, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.54%. Comcast’s payout ratio is 29.72%.

CMCSA has been the topic of a number of recent analyst reports. Nomura cut their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast in a research report on Wednesday, October 4th. Pivotal Research upped their price target on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $49.00 price target on shares of Comcast in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and a consensus price target of $45.72.

In other news, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. Company insiders own 1.28% of the company’s stock.

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About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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