Bowling Portfolio Management LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,856 shares of the cable giant’s stock after selling 9,027 shares during the quarter. Comcast accounts for about 1.2% of Bowling Portfolio Management LLC’s holdings, making the stock its 5th biggest position. Bowling Portfolio Management LLC’s holdings in Comcast were worth $7,432,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Winmill & CO. Inc. acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $3,156,000. IFG Advisors LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $232,000. Gantzert Investment Co. LLC ADV lifted its position in shares of Comcast by 9,382.4% during the 3rd quarter. Gantzert Investment Co. LLC ADV now owns 37,740 shares of the cable giant’s stock valued at $1,701,000 after acquiring an additional 37,342 shares during the period. Atwater Malick LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at approximately $72,000. Finally, Camden National Bank lifted its position in shares of Comcast by 9.5% during the 3rd quarter. Camden National Bank now owns 16,123 shares of the cable giant’s stock valued at $727,000 after acquiring an additional 1,393 shares during the period. 82.82% of the stock is currently owned by institutional investors.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of Comcast stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 4,000 shares of Comcast stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.
Shares of Comcast stock traded up $0.20 during trading on Tuesday, hitting $45.43. 229,102 shares of the company were exchanged, compared to its average volume of 16,200,232. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a fifty-two week low of $32.61 and a fifty-two week high of $47.27. The stock has a market capitalization of $207.02 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.25 and a beta of 1.08. The firm has a 50 day moving average price of $45.24 and a 200 day moving average price of $43.28.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. Comcast’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. Analysts predict that Comcast Co. will post 3.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.84 annualized dividend and a yield of 1.85%. Comcast’s payout ratio is currently 32.94%.
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.
Further Reading: What are Institutional Investors?
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