Supplemental Annuity Collective Trust of NJ Has $1.36 Million Position in Comcast Co. (CMCSA) – PressOracle
Supplemental Annuity Collective Trust of NJ trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,000 shares of the cable giant’s stock after selling 4,000 shares during the quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Comcast were worth $1,362,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Beese Fulmer Investment Management Inc. raised its holdings in shares of Comcast by 0.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 314,242 shares of the cable giant’s stock worth $10,700,000 after acquiring an additional 2,338 shares during the last quarter. CWM LLC increased its stake in Comcast by 182.7% in the fourth quarter. CWM LLC now owns 85,711 shares of the cable giant’s stock valued at $2,918,000 after purchasing an additional 55,391 shares during the last quarter. Meritage Portfolio Management grew its position in Comcast by 2,219.8% during the fourth quarter. Meritage Portfolio Management now owns 162,249 shares of the cable giant’s stock valued at $5,525,000 after acquiring an additional 155,255 shares during the period. Cox Capital Mgt LLC boosted its stake in shares of Comcast by 4.0% during the 4th quarter. Cox Capital Mgt LLC now owns 33,118 shares of the cable giant’s stock worth $1,200,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Comcast during the 4th quarter worth $8,172,000. Institutional investors own 79.91% of the company’s stock.
A number of research firms have recently issued reports on CMCSA. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. assumed coverage on Comcast in a research report on Wednesday, October 24th. They set a “buy” rating and a $43.00 target price on the stock. They noted that the move was a valuation call. Macquarie reissued a “hold” rating and set a $39.00 target price on shares of Comcast in a research report on Monday, December 24th. Finally, Goldman Sachs Group reissued a “neutral” rating and set a $38.00 target price on shares of Comcast in a research report on Monday, October 22nd. One equities research 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 target price of $43.76.
NASDAQ:CMCSA traded down $0.08 on Friday, hitting $37.60. 669,601 shares of the company’s stock were exchanged, compared to its average volume of 22,810,900. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $40.42. The stock has a market capitalization of $175.01 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.03.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. Comcast’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. On average, analysts anticipate that Comcast Co. will post 2.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.23%. 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 is presently 29.80%.
In other news, EVP Arthur R. Block sold 4,129 shares of the firm’s stock in a transaction 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 owns 67,912 shares of the company’s stock, valued at $2,295,425.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 7,636 shares of the firm’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $37.04, for a total transaction of $282,837.44. Following the transaction, the director now directly owns 33,603 shares of the company’s stock, valued at approximately $1,244,655.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 294,099 shares of company stock worth $10,866,899. Company insiders own 1.31% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was published by PressOracle and is owned by of PressOracle. If you are reading this report on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The correct version of this report can be viewed at https://pressoracle.com/news/2019/02/08/supplemental-annuity-collective-trust-of-nj-has-1-36-million-stake-in-comcast-co-cmcsa.html.
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.
See Also: Fundamental Analysis and Choosing Stocks
Receive News & Ratings for Comcast Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Comcast and related companies with MarketBeat.com’s FREE daily email newsletter.