Coastline Trust Co Has $8.68 Million Holdings in Comcast Co. (CMCSA)
Coastline Trust Co raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 225,656 shares of the cable giant’s stock after acquiring an additional 2,900 shares during the period. Comcast makes up approximately 1.5% of Coastline Trust Co’s portfolio, making the stock its 4th biggest position. Coastline Trust Co’s holdings in Comcast were worth $8,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Clarius Group LLC lifted its stake in shares of Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its position in Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after acquiring an additional 48 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its position in Comcast by 0.9% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock worth $358,000 after acquiring an additional 81 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Comcast by 0.5% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock worth $712,000 after acquiring an additional 93 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC lifted its position in Comcast by 0.7% during the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 14,069 shares of the cable giant’s stock worth $548,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold a total of 784,158 shares of company stock valued at $31,070,439 over the last quarter. Company insiders own 1.28% of the company’s stock.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that Comcast Co. will post 2.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is 13.21%.
Several research firms recently commented on CMCSA. Pivotal Research reissued a “buy” rating and set a $52.00 price target on shares of Comcast in a research report on Wednesday, January 24th. Wells Fargo & Co boosted their price target on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Bank of America boosted their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TD Securities boosted their price target on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.74.
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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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