Hartford Investment Management Co. increased its position in Comcast Co. (NASDAQ:CMCSA) by 1.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 592,219 shares of the cable giant’s stock after purchasing an additional 9,147 shares during the period. Hartford Investment Management Co.’s holdings in Comcast were worth $23,677,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. PDS Planning Inc bought a new position in Comcast in the 1st quarter worth $226,000. Resources Investment Advisors Inc. raised its holdings in Comcast by 26.1% in the 4th quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock worth $184,000 after acquiring an additional 1,117 shares during the period. National Asset Management Inc. raised its holdings in Comcast by 5.3% in the 4th quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock worth $1,906,000 after acquiring an additional 2,831 shares during the period. Haverford Trust Co. increased its holdings in shares of Comcast by 0.3% during the 4th quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock worth $105,904,000 after purchasing an additional 8,001 shares during the period. Finally, Lee Capital Holdings LLC increased its holdings in shares of Comcast by 352.0% during the 4th quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock worth $919,000 after purchasing an additional 21,026 shares during the period. 80.77% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Brian L. Roberts sold 203,933 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $39.89, for a total transaction of $8,134,887.37. Following the completion of the sale, the chief executive officer now directly owns 4,243,449 shares of the company’s stock, valued at $169,271,180.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Stephen B. Burke sold 457,633 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the completion of the sale, the executive vice president now directly owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 849,537 shares of company stock valued at $35,489,480. 1.35% of the stock is currently owned by insiders.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. The company had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts anticipate that Comcast Co. will post 3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Tuesday, July 2nd. Comcast’s dividend payout ratio (DPR) is 32.94%.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Nomura boosted their price target on shares of Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Macquarie upgraded shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Tuesday, April 9th. Raymond James boosted their price target on shares of Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, Royal Bank of Canada lowered shares of Comcast from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $45.00 to $42.00 in a research report on Friday, March 29th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus price target of $44.65.
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Comcast Company 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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