Coldstream Capital Management Inc. Increases Holdings in Comcast Co. (CMCSA)

Coldstream Capital Management Inc. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 21.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,149 shares of the cable giant’s stock after purchasing an additional 2,342 shares during the period. Coldstream Capital Management Inc.’s holdings in Comcast were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Connecticut Wealth Management LLC grew its stake in shares of Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares during the period. Clarius Group LLC grew its stake in shares of Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after buying an additional 32 shares during the period. GM Advisory Group Inc. grew its stake in shares of Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares during the period. McKinley Carter Wealth Services Inc. grew its stake in shares of Comcast by 0.9% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after buying an additional 81 shares during the period. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Comcast by 0.5% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock valued at $712,000 after buying an additional 93 shares during the period. 82.52% of the stock is owned by institutional investors.

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

Shares of Comcast Co. (NASDAQ CMCSA) opened at $39.43 on Thursday. Comcast Co. has a fifty-two week low of $34.78 and a fifty-two week high of $44.00. The firm has a market cap of $180,949.98, a price-to-earnings ratio of 8.27, a PEG ratio of 1.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last posted 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. The firm had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. sell-side analysts anticipate that Comcast Co. will post 2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is 13.21%.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock worth $31,070,439 over the last three months. 1.28% of the stock is currently owned by 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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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