Wetherby Asset Management Inc. Has $3.97 Million Stake in Comcast Co. (CMCSA)

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.

In related news, EVP David L. Cohen sold 275,746 shares of the business’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the transaction, the executive vice president now directly owns 650,656 shares in the company, valued at $24,080,778.56. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth J. Bacon sold 7,636 shares of the business’s stock in a transaction on Monday, December 10th. The stock was sold at an average price of $37.04, for a total transaction of $282,837.44. Following the transaction, the director now owns 33,603 shares in the company, valued at $1,244,655.12. The disclosure for this sale can be found here. Insiders sold 294,099 shares of company stock worth $10,866,899 over the last quarter. 1.31% of the stock is owned by corporate insiders.

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%.

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About Comcast

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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