Baldwin Brothers Inc. MA reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 22.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,807 shares of the cable giant’s stock after selling 5,047 shares during the period. Baldwin Brothers Inc. MA’s holdings in Comcast were worth $713,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. MPS Loria Financial Planners LLC bought a new position in Comcast in the second quarter valued at about $107,000. Wealthcare Advisory Partners LLC bought a new position in Comcast in the third quarter valued at about $104,000. Clear Perspective Advisors LLC raised its position in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the last quarter. Willingdon Wealth Management bought a new position in Comcast in the third quarter valued at about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Comcast in the second quarter valued at about $165,000. Institutional investors and hedge funds own 82.26% of the company’s stock.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $39.50 on Monday. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The company has a market capitalization of $183,460.00, a P/E ratio of 18.81, a P/E/G ratio of 1.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 1.92%. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 30.00%.
In related news, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock valued at $31,070,439 in the last ninety days. 1.28% of the stock is currently owned by insiders.
CMCSA has been the subject of several research reports. OTR Global downgraded Comcast to a “positive” rating in a research report on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Comcast in a research report on Friday, November 17th. Buckingham Research initiated coverage on Comcast in a research report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price for the company. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Macquarie reiterated a “buy” rating and issued a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $47.74.
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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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