Sigma Investment Counselors Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,367 shares of the cable giant’s stock after selling 465 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Comcast were worth $494,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Tompkins Financial Corp lifted its position in Comcast by 85.4% in the 4th quarter. Tompkins Financial Corp now owns 7,154 shares of the cable giant’s stock valued at $244,000 after acquiring an additional 3,296 shares in the last quarter. NuWave Investment Management LLC lifted its holdings in shares of Comcast by 25,515.0% during the 4th quarter. NuWave Investment Management LLC now owns 10,246 shares of the cable giant’s stock valued at $349,000 after buying an additional 10,206 shares during the period. Mycio Wealth Partners LLC lifted its holdings in shares of Comcast by 11.3% during the 4th quarter. Mycio Wealth Partners LLC now owns 23,394 shares of the cable giant’s stock valued at $797,000 after buying an additional 2,380 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of Comcast by 42.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,020 shares of the cable giant’s stock valued at $69,000 after buying an additional 600 shares during the period. Finally, Klingenstein Fields & Co. LLC lifted its holdings in shares of Comcast by 0.7% during the 4th quarter. Klingenstein Fields & Co. LLC now owns 1,611,537 shares of the cable giant’s stock valued at $54,873,000 after buying an additional 11,861 shares during the period. 80.01% of the stock is owned by institutional investors and hedge funds.
In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the completion of the sale, the executive vice president now owns 1,078,189 shares in the company, valued at approximately $46,739,493.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel C. Murdock sold 919 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the completion of the sale, the chief accounting officer now owns 3,453 shares of the company’s stock, valued at approximately $139,363.08. The disclosure for this sale can be found here. Insiders sold a total of 849,537 shares of company stock valued at $35,489,480 over the last 90 days. 1.35% of the stock is currently owned by company insiders.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, topping the consensus estimate of $0.68 by $0.08. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. Comcast’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Sell-side analysts expect that Comcast Co. will post 2.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. Comcast’s dividend payout ratio (DPR) is 32.94%.
Several equities analysts have recently weighed in on CMCSA shares. BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Royal Bank of Canada cut Comcast from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $45.00 to $42.00 in a report 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 report on Tuesday, April 9th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Finally, TD Securities increased their price target on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a report on Monday, April 29th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.65.
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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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