Comcast Corporation (CMCSA) Position Raised by RKL Wealth Management LLC
RKL Wealth Management LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 59.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,350 shares of the cable giant’s stock after purchasing an additional 4,245 shares during the quarter. RKL Wealth Management LLC’s holdings in Comcast were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Clear Perspective Advisors LLC raised its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast during the second quarter worth approximately $107,000. First Bank & Trust raised its stake in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Comcast during the second quarter worth approximately $165,000. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Comcast during the second quarter worth approximately $168,000. 82.20% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is currently owned by company insiders.
Several research analysts have commented on CMCSA shares. Pivotal Research lifted their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Barclays decreased their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. KeyCorp restated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird restated a “buy” rating and issued a $43.00 target price on shares of Comcast in a report on Friday, November 17th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $49.00 target price on shares of Comcast in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. Comcast has a consensus rating of “Buy” and an average price target of $46.15.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $42.44 on Monday. The firm has a market cap of $198,354.83, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.87 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $42.71. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. equities analysts expect that Comcast Corporation will post 2.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is currently 30.36%.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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