Sentinel Trust Co. LBA Takes Position in Comcast Corporation (CMCSA)
Sentinel Trust Co. LBA purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,900 shares of the cable giant’s stock, valued at approximately $200,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Comcast Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Comcast Corporation by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock worth $2,905,165,000 after buying an additional 7,652,797 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Comcast Corporation by 2.2% in the third quarter. BlackRock Fund Advisors now owns 29,548,148 shares of the cable giant’s stock worth $1,960,224,000 after buying an additional 646,869 shares in the last quarter. Morgan Stanley boosted its position in shares of Comcast Corporation by 1.2% in the third quarter. Morgan Stanley now owns 14,694,477 shares of the cable giant’s stock worth $974,830,000 after buying an additional 172,512 shares in the last quarter. Finally, Veritas Asset Management LLP boosted its position in shares of Comcast Corporation by 3.4% in the third quarter. Veritas Asset Management LLP now owns 12,866,801 shares of the cable giant’s stock worth $853,584,000 after buying an additional 418,196 shares in the last quarter. Institutional investors own 82.03% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 75.99 on Friday. The company has a market cap of $180.54 billion, a price-to-earnings ratio of 21.29 and a beta of 1.07. Comcast Corporation has a 12 month low of $56.60 and a 12 month high of $76.87. The stock has a 50 day moving average of $73.36 and a 200-day moving average of $68.24. Shares of Comcast Corporation are set to split before the market opens on Monday, February 20th. The 2-1 split was announced on Thursday, January 26th. The newly created shares will be issued to shareholders after the market closes on Friday, February 17th.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, January 26th. The cable giant reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.02. The business earned $21 billion during the quarter, compared to the consensus estimate of $20.67 billion. Comcast Corporation had a net margin of 10.81% and a return on equity of 15.30%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, analysts forecast that Comcast Corporation will post $3.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Monday, April 3rd. This is an increase from Comcast Corporation’s previous quarterly dividend of $0.14. Comcast Corporation’s dividend payout ratio is currently 30.81%.
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A number of brokerages recently issued reports on CMCSA. Wunderlich restated a “buy” rating and set a $85.00 price objective (up previously from $78.00) on shares of Comcast Corporation in a report on Wednesday, November 30th. RBC Capital Markets lifted their price target on shares of Comcast Corporation from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, January 31st. Pivotal Research lifted their price target on shares of Comcast Corporation to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 26th. HSBC Holdings plc assumed coverage on shares of Comcast Corporation in a research note on Thursday, January 19th. They issued a “buy” rating and a $83.00 price target on the stock. Finally, Jefferies Group LLC lifted their price target on shares of Comcast Corporation from $80.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Twenty-two equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.03.
In other news, EVP Neil Smit sold 15,121 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $69.57, for a total transaction of $1,051,967.97. Following the completion of the sale, the executive vice president now owns 62,208 shares of the company’s stock, valued at approximately $4,327,810.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lawrence J. Salva sold 3,121 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $75.96, for a total transaction of $237,071.16. Following the sale, the executive vice president now directly owns 38,844 shares of the company’s stock, valued at approximately $2,950,590.24. The disclosure for this sale can be found here. Insiders have sold a total of 232,960 shares of company stock valued at $17,402,224 in the last three months. Insiders own 1.27% of the company’s stock.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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