Delphi Management Inc. MA Cuts Position in Comcast Co. (CMCSA)

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Delphi Management Inc. MA decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,701 shares of the cable giant’s stock after selling 3,418 shares during the period. Comcast accounts for about 1.8% of Delphi Management Inc. MA’s portfolio, making the stock its 7th biggest position. Delphi Management Inc. MA’s holdings in Comcast were worth $2,033,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Global Retirement Partners LLC boosted its position in shares of Comcast by 5.5% during the 4th quarter. Global Retirement Partners LLC now owns 13,536 shares of the cable giant’s stock valued at $461,000 after purchasing an additional 702 shares in the last quarter. Putnam FL Investment Management Co. boosted its position in shares of Comcast by 4.6% during the 4th quarter. Putnam FL Investment Management Co. now owns 560,151 shares of the cable giant’s stock valued at $19,073,000 after purchasing an additional 24,490 shares in the last quarter. Resources Management Corp CT ADV boosted its position in shares of Comcast by 63.2% during the 4th quarter. Resources Management Corp CT ADV now owns 16,327 shares of the cable giant’s stock valued at $555,000 after purchasing an additional 6,325 shares in the last quarter. Lake Point Wealth Management acquired a new position in Comcast during the 4th quarter worth approximately $257,000. Finally, B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in Comcast during the 4th quarter worth approximately $1,174,000. Institutional investors own 81.15% of the company’s stock.

Shares of Comcast stock opened at $42.57 on Thursday. The company has a market capitalization of $194.93 billion, a PE ratio of 16.69, a P/E/G ratio of 1.17 and a beta of 1.10. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $42.64. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $27.85 billion during the quarter, compared to the consensus estimate of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. On average, equities research analysts predict that Comcast Co. will post 2.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. Comcast’s dividend payout ratio is 32.94%.

A number of research firms recently weighed in on CMCSA. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research note on Thursday. Nomura upped their price target on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Royal Bank of Canada downgraded Comcast from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $45.00 to $42.00 in a research note on Friday, March 29th. Macquarie raised Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Tuesday, April 9th. Finally, ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.45.

In related news, EVP David L. Cohen sold 275,746 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the completion of the sale, the executive vice president now directly owns 650,656 shares of the company’s stock, valued at $24,080,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 845 shares of the stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the sale, the senior vice president now directly owns 1,005 shares of the company’s stock, valued at $35,727.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,284,720 shares of company stock valued at $49,080,076. Company insiders own 1.31% of the company’s stock.

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Comcast Profile

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

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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