Comcast Co. (CMCSA) Shares Sold by Boston Financial Mangement LLC
Boston Financial Mangement LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 6.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 125,583 shares of the cable giant’s stock after selling 8,663 shares during the period. Boston Financial Mangement LLC’s holdings in Comcast were worth $5,030,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares during the period. Dimensional Fund Advisors LP boosted its stake in Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after acquiring an additional 432,491 shares during the period. Capital International Investors boosted its stake in Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares during the period. Veritas Asset Management LLP boosted its stake in Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Comcast by 6.0% in the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after acquiring an additional 1,839,436 shares during the period. Institutional investors own 83.59% of the company’s stock.
A number of brokerages have commented on CMCSA. BidaskClub downgraded Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research restated a “buy” rating and issued a $52.00 target price on shares of Comcast in a research note on Wednesday, January 24th. Nomura reiterated a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Finally, Instinet downgraded Comcast from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $45.00 in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $50.39.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $36.02 on Thursday. The firm has a market capitalization of $167,300.00, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 1.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. equities analysts predict that Comcast Co. will post 2.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.11%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is 30.00%.
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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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