Comcast Co. (CMCSA) Shares Sold by CX Institutional

CX Institutional cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 49.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,480 shares of the cable giant’s stock after selling 32,338 shares during the quarter. CX Institutional’s holdings in Comcast were worth $1,299,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cox Capital Mgt LLC raised its position in Comcast by 1.8% during the first quarter. Cox Capital Mgt LLC now owns 33,730 shares of the cable giant’s stock valued at $1,349,000 after acquiring an additional 612 shares in the last quarter. Burns J W & Co. Inc. NY purchased a new position in Comcast during the first quarter valued at approximately $207,000. First Hawaiian Bank raised its position in Comcast by 32.2% during the first quarter. First Hawaiian Bank now owns 155,380 shares of the cable giant’s stock valued at $6,212,000 after acquiring an additional 37,845 shares in the last quarter. Private Trust Co. NA raised its position in Comcast by 64.7% during the first quarter. Private Trust Co. NA now owns 45,647 shares of the cable giant’s stock valued at $1,824,000 after acquiring an additional 17,935 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its holdings in Comcast by 99.5% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 87,405 shares of the cable giant’s stock valued at $3,495,000 after purchasing an additional 43,582 shares during the period. Institutional investors own 81.15% of the company’s stock.

Shares of NASDAQ:CMCSA opened at $42.43 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $197.07 billion, a PE ratio of 16.64, a PEG ratio of 1.19 and a beta of 1.10. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $42.83.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business’s revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. Research analysts anticipate that Comcast Co. will post 2.84 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. Comcast’s payout ratio is currently 32.94%.

Several analysts have commented on CMCSA shares. BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Credit Suisse Group reissued a “buy” rating and issued a $44.00 price objective on shares of Comcast in a report on Tuesday, January 22nd. Royal Bank of Canada lowered Comcast from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $45.00 to $42.00 in a report on Friday, March 29th. Macquarie raised Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a report on Tuesday, April 9th. Finally, ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.45.

In other news, EVP Arthur R. Block sold 1,966 shares of Comcast stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $37.40, for a total value of $73,528.40. Following the sale, the executive vice president now directly owns 58,578 shares of the company’s stock, valued at $2,190,817.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David N. Watson sold 201,007 shares of Comcast stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.31, for a total value of $7,700,578.17. Following the completion of the sale, the executive vice president now directly owns 817,992 shares in the company, valued at $31,337,273.52. The disclosure for this sale can be found here. Insiders sold 1,290,226 shares of company stock worth $49,311,328 over the last ninety days. Corporate insiders own 1.31% of the company’s stock.

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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.

Further Reading: Dividend

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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