Wetherby Asset Management Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 116,610 shares of the cable giant’s stock after acquiring an additional 8,492 shares during the period. Wetherby Asset Management Inc.’s holdings in Comcast were worth $3,970,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Ironwood Financial llc bought a new position in shares of Comcast in the 4th quarter valued at about $32,000. IMS Capital Management bought a new position in shares of Comcast in the 3rd quarter valued at about $38,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $52,000. Financial Advantage Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $59,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Comcast by 42.3% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,020 shares of the cable giant’s stock worth $69,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.
CMCSA has been the topic of several recent analyst reports. Macquarie reissued a “hold” rating and set a $39.00 price objective on shares of Comcast in a research note on Monday, December 24th. Credit Suisse Group raised shares of Comcast from a “neutral” rating to an “outperform” rating in a research note on Friday, October 26th. Scotiabank set a $48.00 price objective on shares of Comcast and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Morgan Stanley initiated coverage on shares of Comcast in a research note on Thursday, November 8th. They set an “overweight” rating and a $46.00 price objective on the stock. Finally, Evercore ISI initiated coverage on shares of Comcast in a research note on Thursday, October 18th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.76.
CMCSA traded down $0.17 during trading on Monday, reaching $37.43. The company had a trading volume of 128,911 shares, compared to its average volume of 23,067,998. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $40.42. The firm has a market cap of $174.63 billion, a P/E ratio of 14.63, a PEG ratio of 1.12 and a beta of 1.03.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The company had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 2.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.24%. Comcast’s dividend payout ratio (DPR) is 29.80%.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2019/02/11/wetherby-asset-management-inc-has-3-97-million-stake-in-comcast-co-cmcsa.html.
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Recommended Story: How a Strangle Strategy is different from a Straddle Strategy
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.