Carnegie Capital Asset Management LLC Has $4.59 Million Stake in Comcast Co. (CMCSA)

Carnegie Capital Asset Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 193.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,512 shares of the cable giant’s stock after purchasing an additional 75,496 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Comcast were worth $4,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in Comcast in the 4th quarter valued at $102,000. Wealthcare Advisory Partners LLC acquired a new position in Comcast in the 3rd quarter valued at $104,000. Vigilant Capital Management LLC grew its stake in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after buying an additional 2,134 shares during the last quarter. Clear Perspective Advisors LLC grew its stake in Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the last quarter. Finally, MPS Loria Financial Planners LLC bought a new stake in Comcast in the 2nd quarter valued at $107,000. Institutional investors own 83.49% of the company’s stock.

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In related news, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David N. Watson sold 131,447 shares of Comcast stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total transaction of $4,835,935.13. The disclosure for this sale can be found here. Insiders have sold a total of 1,399,951 shares of company stock valued at $52,377,633 over the last three months. 1.28% of the stock is currently owned by insiders.

A number of analysts have weighed in on the stock. Guggenheim increased their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. Bank of America increased their price target on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Evercore ISI reissued an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Cowen assumed coverage on shares of Comcast in a report on Monday, March 26th. They issued a “market perform” rating and a $39.00 price target for the company. Finally, BidaskClub downgraded shares of Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.16.

Shares of CMCSA stock opened at $34.12 on Friday. Comcast Co. has a 12-month low of $32.74 and a 12-month high of $44.00. The stock has a market cap of $159,353.03, a P/E ratio of 16.56, a PEG ratio of 1.25 and a beta of 1.17. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period last year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts expect that Comcast Co. will post 2.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.23%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is currently 36.89%.

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About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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