Northside Capital Management LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,000 shares of the cable giant’s stock, valued at approximately $1,001,000. Comcast comprises 0.3% of Northside Capital Management LLC’s investment portfolio, making the stock its 28th largest position.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Biegel & Waller LLC purchased a new position in Comcast during the second quarter worth $432,000. Convergence Investment Partners LLC boosted its stake in Comcast by 32.1% during the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock worth $4,204,000 after buying an additional 25,508 shares during the period. Quinn Opportunity Partners LLC boosted its stake in Comcast by 97.6% during the second quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock worth $1,892,000 after buying an additional 24,000 shares during the period. HPM Partners LLC boosted its stake in Comcast by 16.1% during the second quarter. HPM Partners LLC now owns 41,656 shares of the cable giant’s stock worth $1,621,000 after buying an additional 5,775 shares during the period. Finally, Rovida Advisors Inc. purchased a new stake in shares of Comcast during the second quarter valued at $43,676,000. Institutional investors own 82.26% of the company’s stock.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated 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 transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock valued at $31,070,439 over the last 90 days. 1.28% of the stock is currently owned by corporate insiders.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. research analysts anticipate that Comcast Co. will post 2.5 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is presently 13.21%.
A number of brokerages have recently issued reports on CMCSA. Guggenheim boosted their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Evercore ISI reissued an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Bank of America boosted their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Buckingham Research began coverage on shares of Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company’s 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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