Smith Shellnut Wilson LLC ADV Boosts Position in Comcast Co. (CMCSA)

Smith Shellnut Wilson LLC ADV increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 31.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,495 shares of the cable giant’s stock after buying an additional 2,293 shares during the period. Smith Shellnut Wilson LLC ADV’s holdings in Comcast were worth $365,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CMCSA. Beach Investment Management LLC. bought a new position in shares of Comcast in the second quarter worth approximately $371,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Comcast by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 16,799,209 shares of the cable giant’s stock worth $653,826,000 after buying an additional 512,874 shares in the last quarter. Bank of The Ozarks lifted its stake in shares of Comcast by 1.7% in the second quarter. Bank of The Ozarks now owns 38,001 shares of the cable giant’s stock worth $1,479,000 after buying an additional 625 shares in the last quarter. New Jersey Better Educational Savings Trust lifted its stake in shares of Comcast by 20.0% in the second quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the cable giant’s stock worth $934,000 after buying an additional 4,000 shares in the last quarter. Finally, Beach Point Capital Management LP bought a new position in shares of Comcast in the second quarter worth approximately $16,380,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Comcast Co. (NASDAQ:CMCSA) opened at $38.19 on Friday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a market cap of $186,476.95, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. equities research analysts predict that Comcast Co. will post 2.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued 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 yield of 1.99%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio is currently 13.21%.

Several research analysts have recently issued reports on CMCSA shares. Barclays dropped their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. TD Securities upped their target price on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Nomura reiterated a “neutral” rating and issued a $42.00 target price (down previously from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Buckingham Research upped their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Finally, BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $47.74.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the sale, 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 owned by corporate insiders.

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Comcast 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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