Palladium Partners LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 307,978 shares of the cable giant’s stock after acquiring an additional 8,308 shares during the quarter. Palladium Partners LLC’s holdings in Comcast were worth $12,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Clarius Group LLC increased its holdings in shares of Comcast by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. increased its holdings in shares of Comcast by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Strategic Advisors LLC increased its holdings in shares of Comcast by 0.5% in the second quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock worth $812,000 after purchasing an additional 106 shares during the period. Bienville Capital Management LLC increased its holdings in shares of Comcast by 1.0% in the second quarter. Bienville Capital Management LLC now owns 16,010 shares of the cable giant’s stock worth $626,000 after purchasing an additional 160 shares during the period. Finally, Modera Wealth Management LLC increased its holdings in shares of Comcast by 1.5% in the second quarter. Modera Wealth Management LLC now owns 11,617 shares of the cable giant’s stock worth $452,000 after purchasing an additional 169 shares during the period. 83.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Co. (CMCSA) opened at $36.43 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Co. has a 1 year low of $34.78 and a 1 year high of $44.00. The stock has a market cap of $171,660.97, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.09%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is presently 13.21%.
CMCSA has been the topic of several research analyst reports. Morgan Stanley upped their price target on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and upped their price target for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Wells Fargo & Co upped their target price on shares of Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. 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. Finally, Buckingham Research upped their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.39.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 915,605 shares of company stock valued at $35,906,374. Company insiders own 1.28% of the company’s stock.
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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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