HWG Holdings LP raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,293 shares of the cable giant’s stock after purchasing an additional 2,325 shares during the period. Comcast comprises approximately 0.9% of HWG Holdings LP’s holdings, making the stock its 15th largest holding. HWG Holdings LP’s holdings in Comcast were worth $1,005,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CMCSA. Outlook Wealth Advisors LLC raised its stake in Comcast by 2.3% during the third quarter. Outlook Wealth Advisors LLC now owns 9,741 shares of the cable giant’s stock worth $439,000 after acquiring an additional 219 shares during the period. Barber Financial Group Inc. boosted its stake in Comcast by 4.7% in the third quarter. Barber Financial Group Inc. now owns 5,295 shares of the cable giant’s stock valued at $241,000 after acquiring an additional 236 shares during the period. Archford Capital Strategies LLC grew its holdings in shares of Comcast by 6.2% during the second quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after purchasing an additional 240 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Comcast by 3.6% during the third quarter. Golden State Wealth Management LLC now owns 6,853 shares of the cable giant’s stock valued at $309,000 after purchasing an additional 241 shares during the last quarter. Finally, Personal Wealth Partners raised its position in shares of Comcast by 44.2% during the 3rd quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock worth $36,000 after purchasing an additional 242 shares during the period. Institutional investors own 82.64% of the company’s stock.
In other news, Director Sheldon M. Bonovitz sold 5,600 shares of Comcast stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $45.47, for a total transaction of $254,632.00. Following the transaction, the director now directly owns 27,912 shares in the company, valued at approximately $1,269,158.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $44.98, for a total value of $22,860,995.04. Following the completion of the sale, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at approximately $184,801,319.56. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Comcast had a net margin of 11.45% and a return on equity of 24.25%. The company had revenue of $26.83 billion for the quarter, compared to the consensus estimate of $26.77 billion. During the same period in the previous year, the firm earned $0.65 EPS. Comcast’s revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that Comcast Co. will post 3.1 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 annualized dividend and a yield of 1.93%. Comcast’s payout ratio is 32.94%.
Several analysts recently issued reports on CMCSA shares. Wells Fargo & Co initiated coverage on Comcast in a report on Tuesday, August 27th. They issued an “outperform” rating and a $50.00 price target on the stock. Sanford C. Bernstein initiated coverage on Comcast in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 target price on the stock. BidaskClub lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Morgan Stanley set a $53.00 price objective on shares of Comcast and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Cfra set a $50.00 price objective on shares of Comcast and gave the company a “buy” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $50.52.
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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