Comcast Co. (CMCSA) Holdings Increased by High Pointe Capital Management LLC
High Pointe Capital Management LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 124.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,810 shares of the cable giant’s stock after buying an additional 22,070 shares during the quarter. Comcast comprises 2.2% of High Pointe Capital Management LLC’s portfolio, making the stock its 10th largest position. High Pointe Capital Management LLC’s holdings in Comcast were worth $1,594,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Beach Investment Management LLC. bought a new position in shares of Comcast during the second quarter valued at approximately $371,000. Kings Point Capital Management grew its holdings in shares of Comcast by 11.4% during the second quarter. Kings Point Capital Management now owns 17,585 shares of the cable giant’s stock valued at $684,000 after purchasing an additional 1,806 shares during the last quarter. Capital Planning Advisors LLC grew its holdings in shares of Comcast by 3.1% during the second quarter. Capital Planning Advisors LLC now owns 6,616 shares of the cable giant’s stock valued at $257,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Comcast by 9.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,185,509 shares of the cable giant’s stock valued at $85,060,000 after purchasing an additional 184,754 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its holdings in shares of Comcast by 0.9% during the second quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 82.26% of the company’s stock.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 784,158 shares of company stock valued at $31,070,439. 1.28% of the stock is currently owned by corporate insiders.
Comcast Co. (NASDAQ CMCSA) opened at $36.49 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $169,480.00, a P/E ratio of 17.38, a P/E/G ratio of 1.33 and a beta of 1.16. Comcast Co. has a fifty-two week low of $34.78 and a fifty-two week high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. analysts anticipate that Comcast Co. will post 2.5 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 30.00%.
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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