Comcast Co. (CMCSA) Shares Bought by Arjuna Capital

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Arjuna Capital boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,035 shares of the cable giant’s stock after purchasing an additional 1,149 shares during the period. Arjuna Capital’s holdings in Comcast were worth $886,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CMCSA. Ironwood Financial llc acquired a new stake in shares of Comcast in the fourth quarter valued at about $32,000. IMS Capital Management acquired a new stake in shares of Comcast in the third quarter valued at about $38,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $52,000. Financial Advantage Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $59,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA raised its position in shares of Comcast by 42.3% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,020 shares of the cable giant’s stock valued at $69,000 after buying an additional 600 shares during the last quarter. Institutional investors own 80.66% of the company’s stock.

Shares of CMCSA stock opened at $37.03 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. The stock has a market cap of $173.66 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.12 and a beta of 1.03. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $40.42.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. Comcast’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that Comcast Co. will post 2.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is 29.80%.

In other news, Director Kenneth J. Bacon sold 7,636 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $37.04, for a total value of $282,837.44. Following the completion of the transaction, the director now owns 33,603 shares of the company’s stock, valued at $1,244,655.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,129 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $33.80, for a total transaction of $139,560.20. Following the completion of the transaction, the executive vice president now directly owns 67,912 shares of the company’s stock, valued at approximately $2,295,425.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 294,099 shares of company stock valued at $10,866,899. 1.31% of the stock is currently owned by insiders.

Several research firms recently issued reports on CMCSA. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. BidaskClub cut shares of Comcast from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. TD Securities raised their price objective on shares of Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. Credit Suisse Group restated a “buy” rating and set a $44.00 price objective on shares of Comcast in a research report on Tuesday, January 22nd. Finally, Macquarie restated a “hold” rating and set a $39.00 price objective on shares of Comcast in a research report on Monday, December 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.76.

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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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