Massey Quick Simon & CO. LLC Buys 2,825 Shares of Comcast Corporation (CMCSA)

Massey Quick Simon & CO. LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 74.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,625 shares of the cable giant’s stock after buying an additional 2,825 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in Comcast were worth $255,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation lifted its stake in Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the last quarter. Clear Perspective Advisors LLC lifted its stake in Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Comcast during the second quarter worth approximately $107,000. First Bank & Trust lifted its stake in Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Comcast during the second quarter worth approximately $165,000. Institutional investors and hedge funds own 82.13% of the company’s stock.

In other news, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 over the last 90 days. Company insiders own 1.28% of the company’s stock.

CMCSA has been the subject of a number of research reports. Evercore ISI reiterated an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research note on Tuesday. Buckingham Research boosted their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday. Morgan Stanley boosted their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Pivotal Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Comcast has an average rating of “Buy” and an average target price of $46.15.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $41.09 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $192,050.00, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. Comcast Corporation has a 12-month low of $34.78 and a 12-month high of $42.18.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. equities analysts predict that Comcast Corporation will post 2.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast’s dividend payout ratio is currently 29.72%.

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About Comcast

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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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