Quinn Opportunity Partners LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.1% in the 4th quarter, Holdings Channel reports. The firm owned 1,906,095 shares of the cable giant’s stock after purchasing an additional 2,330 shares during the period. Comcast accounts for 9.0% of Quinn Opportunity Partners LLC’s investment portfolio, making the stock its 3rd largest holding. Quinn Opportunity Partners LLC’s holdings in Comcast were worth $64,903,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Acima Private Wealth LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $25,000. Litman Gregory Asset Management LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $30,000. Ironwood Financial llc acquired a new stake in shares of Comcast in the 4th quarter valued at $32,000. IMS Capital Management acquired a new stake in shares of Comcast in the 3rd quarter valued at $38,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 81.14% of the company’s stock.
Several equities research analysts recently commented on CMCSA shares. Royal Bank of Canada lowered shares of Comcast from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $45.00 to $42.00 in a research note on Friday. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. TD Securities lifted their price target on shares of Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Finally, Credit Suisse Group restated a “buy” rating and issued a $44.00 price objective on shares of Comcast in a research note on Tuesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $43.75.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts predict that Comcast Co. will post 2.75 earnings per share for the current fiscal year.
The company also recently announced 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. This is an increase from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. Comcast’s payout ratio is presently 29.80%.
In other news, CAO Daniel C. Murdock sold 919 shares of Comcast stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $40.36, for a total value of $37,090.84. Following the sale, the chief accounting officer now owns 3,453 shares of the company’s stock, valued at $139,363.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 845 shares of Comcast stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $35.55, for a total transaction of $30,039.75. Following the completion of the sale, the senior vice president now directly owns 1,005 shares in the company, valued at approximately $35,727.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,284,720 shares of company stock worth $49,080,076. Insiders own 1.31% of the company’s stock.
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Comcast Company Profile
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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