DORCHESTER WEALTH MANAGEMENT Co Sells 1,650 Shares of Comcast Co. (CMCSA)

DORCHESTER WEALTH MANAGEMENT Co lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,035 shares of the cable giant’s stock after selling 1,650 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comcast were worth $2,645,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast during the third quarter valued at approximately $104,000. Clear Perspective Advisors LLC raised its holdings in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new position in shares of Comcast during the second quarter valued at approximately $107,000. Willingdon Wealth Management bought a new position in shares of Comcast during the third quarter valued at approximately $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Comcast during the second quarter valued at approximately $165,000. Hedge funds and other institutional investors own 82.26% of the company’s stock.

In other news, EVP Stephen B. Burke sold 190,756 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was 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 directly owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 784,158 shares of company stock worth $31,070,439. Insiders own 1.28% of the company’s stock.

A number of brokerages recently commented on CMCSA. OTR Global downgraded Comcast to a “positive” rating in a report on Monday, October 30th. Guggenheim upped their price target on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Evercore ISI reaffirmed an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Bank of America upped their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Buckingham Research began coverage on Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $47.74.

Shares of Comcast Co. (CMCSA) opened at $39.79 on Tuesday. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The company has a market capitalization of $184,804.94, a price-to-earnings ratio of 19.32, a PEG ratio of 1.53 and a beta of 1.04. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts anticipate that Comcast Co. will post 2.45 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is currently 13.21%.

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Comcast Profile

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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