Premia Global Advisors LLC Buys Shares of 6,610 Comcast Co. (CMCSA)
Premia Global Advisors LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,610 shares of the cable giant’s stock, valued at approximately $264,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Sky Investment Group LLC grew its position in Comcast by 7.3% in the 4th quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock valued at $1,487,000 after acquiring an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC grew its position in Comcast by 32.1% in the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after acquiring an additional 25,508 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Comcast by 1.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock valued at $4,016,000 after acquiring an additional 1,853 shares during the last quarter. Swiss National Bank grew its position in Comcast by 0.9% in the 3rd quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after acquiring an additional 162,000 shares during the last quarter. Finally, Buckley Wealth Management LLC bought a new position in Comcast in the 4th quarter valued at $755,000. 83.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CMCSA opened at $33.53 on Tuesday. 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 firm has a market cap of $153,361.63, a P/E ratio of 16.28, a P/E/G ratio of 1.21 and a beta of 1.17. Comcast Co. has a 1-year low of $32.74 and a 1-year high of $44.00.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is 36.89%.
In other Comcast news, SVP Daniel C. Murdock sold 1,891 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total value of $67,319.60. Following the completion of the sale, the senior vice president now directly owns 2,585 shares in the company, valued at $92,026. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 691,105 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The disclosure for this sale can be found here. Insiders have sold a total of 1,399,951 shares of company stock valued at $52,377,633 over the last 90 days. 1.28% of the stock is currently owned by company insiders.
Several equities analysts have commented on CMCSA shares. Morgan Stanley upped their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and upped their price objective for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Wells Fargo upped their price objective on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Buckingham Research upped their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Macquarie downgraded Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company. Comcast currently has an average rating of “Buy” and an average target price of $47.08.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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