Farmers & Merchants Investments Inc. raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 356,312 shares of the cable giant’s stock after buying an additional 2,017 shares during the quarter. Comcast comprises about 1.0% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 18th largest holding. Farmers & Merchants Investments Inc.’s holdings in Comcast were worth $14,270,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new position in shares of Comcast during the third quarter valued at about $104,000. Clear Perspective Advisors LLC increased its holdings in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast during the second quarter valued at about $107,000. Tower View Investment Management & Research LLC acquired a new position in shares of Comcast during the fourth quarter valued at about $109,000. Finally, Willingdon Wealth Management acquired a new position in shares of Comcast during the third quarter valued at about $133,000. 82.26% of the stock is owned by institutional investors and hedge funds.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 784,158 shares of company stock worth $31,070,439. Insiders own 1.28% of the company’s stock.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $36.21 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a market capitalization of $170,267.63, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Comcast Co. will post 2.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is currently 13.21%.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.