Philadelphia Trust Co. acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,374 shares of the cable giant’s stock, valued at approximately $282,000.
Other large investors also recently bought and sold shares of the company. Arlington Partners LLC purchased a new stake in Comcast in the 4th quarter worth about $30,000. Planned Solutions Inc. bought a new position in shares of Comcast during the third quarter valued at approximately $32,000. McCarthy Asset Management Inc. bought a new position in shares of Comcast during the fourth quarter valued at approximately $34,000. MBM Wealth Consultants LLC raised its holdings in shares of Comcast by 79.6% in the third quarter. MBM Wealth Consultants LLC now owns 817 shares of the cable giant’s stock worth $38,000 after buying an additional 362 shares during the period. Finally, Accel Wealth Management bought a new stake in shares of Comcast during the 4th quarter worth approximately $38,000. 82.56% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Jeff Shell sold 5,582 shares of the stock in a transaction dated Wednesday, December 2nd. The stock was sold at an average price of $51.23, for a total value of $285,965.86. Following the transaction, the chief executive officer now directly owns 348,167 shares of the company’s stock, valued at $17,836,595.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maritza Gomez Montiel sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 28th. The stock was sold at an average price of $49.97, for a total value of $99,940.00. Following the completion of the transaction, the director now owns 13,170 shares of the company’s stock, valued at $658,104.90. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 28th. The cable giant reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business had revenue of $27.71 billion during the quarter, compared to the consensus estimate of $26.79 billion. During the same quarter last year, the company earned $0.79 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Wednesday, April 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, April 6th. This is an increase from Comcast’s previous quarterly dividend of $0.23. Comcast’s payout ratio is currently 29.39%.
A number of analysts have weighed in on CMCSA shares. Pivotal Research increased their target price on Comcast from $60.00 to $63.00 in a research note on Thursday, January 28th. TD Securities raised their price target on shares of Comcast from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Smith Barney Citigroup boosted their price objective on shares of Comcast from $52.00 to $54.00 in a research report on Tuesday, November 10th. Morgan Stanley restated a “top pick” rating and set a $62.00 price objective (up from $57.00) on shares of Comcast in a report on Wednesday, December 16th. Finally, Rosenblatt Securities increased their target price on shares of Comcast from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Seven investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $53.85.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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