NEXT Financial Group Inc Has $267,000 Stake in Comcast Co. (CMCSA)

NEXT Financial Group Inc lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 67.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,671 shares of the cable giant’s stock after selling 13,816 shares during the period. NEXT Financial Group Inc’s holdings in Comcast were worth $267,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Comcast by 14.3% during the fourth quarter. Bank of Montreal Can now owns 15,635,062 shares of the cable giant’s stock worth $626,185,000 after buying an additional 1,952,745 shares in the last quarter. Convergence Investment Partners LLC grew its position in shares of Comcast by 32.1% during the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock worth $4,204,000 after buying an additional 25,508 shares in the last quarter. Private Trust Co. NA grew its position in shares of Comcast by 53.8% during the fourth quarter. Private Trust Co. NA now owns 33,804 shares of the cable giant’s stock worth $1,353,000 after buying an additional 11,830 shares in the last quarter. Heathbridge Capital Management Ltd. grew its position in shares of Comcast by 1.3% during the fourth quarter. Heathbridge Capital Management Ltd. now owns 703,950 shares of the cable giant’s stock worth $28,193,000 after buying an additional 9,200 shares in the last quarter. Finally, USS Investment Management Ltd grew its position in shares of Comcast by 34.8% during the fourth quarter. USS Investment Management Ltd now owns 7,296,400 shares of the cable giant’s stock worth $292,403,000 after buying an additional 1,885,000 shares in the last quarter. Institutional investors own 82.52% of the company’s stock.

In other news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’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 disclosure for this sale can be found here. In the last three months, insiders have sold 784,158 shares of company stock valued at $31,070,439. Corporate insiders own 1.28% of the company’s stock.

Comcast Co. (CMCSA) opened at $39.79 on Friday. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $44.00. The stock has a market cap of $186,151.84, a price-to-earnings ratio of 19.46, a PEG 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 quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts expect that Comcast Co. will post 2.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.91%. Comcast’s payout ratio is 13.21%.

A number of research firms have recently weighed in on CMCSA. OTR Global downgraded shares of Comcast to a “positive” rating in a research report on Monday, October 30th. Guggenheim raised their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Evercore ISI reissued an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Bank of America raised their price target on shares of Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Buckingham Research assumed coverage on shares of Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and a consensus price target of $47.74.

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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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