Novare Capital Management LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 194,075 shares of the cable giant’s stock after selling 5,656 shares during the quarter. Comcast comprises approximately 1.3% of Novare Capital Management LLC’s portfolio, making the stock its 15th biggest position. Novare Capital Management LLC’s holdings in Comcast were worth $7,773,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in CMCSA. Sky Investment Group LLC raised its position in shares of Comcast by 7.3% in the 4th quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock worth $1,487,000 after purchasing an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC raised its position in shares of Comcast by 32.1% in the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock worth $4,204,000 after purchasing an additional 25,508 shares during the last quarter. HPM Partners LLC raised its position in shares of Comcast by 16.1% in the 2nd quarter. HPM Partners LLC now owns 41,656 shares of the cable giant’s stock worth $1,621,000 after purchasing an additional 5,775 shares during the last quarter. Elkhorn Investments LLC raised its position in shares of Comcast by 10.4% in the 2nd quarter. Elkhorn Investments LLC now owns 34,702 shares of the cable giant’s stock worth $1,374,000 after purchasing an additional 3,273 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Comcast by 0.9% in the 3rd quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock worth $693,537,000 after purchasing an additional 162,000 shares during the last quarter. 83.59% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on CMCSA shares. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast in a research report on Friday, November 17th. Buckingham Research started coverage on Comcast in a research report on Monday, November 20th. They issued a “buy” rating and a $48.00 price target for the company. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie reaffirmed a “buy” rating and issued a $40.00 price target on shares of Comcast in a research report on Thursday, December 7th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $50.00 price target on shares of Comcast in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $50.39.
Shares of Comcast Co. (CMCSA) opened at $35.83 on Friday. The stock has a market capitalization of $167,898.92, a PE ratio of 7.51, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. equities research analysts anticipate that Comcast Co. will post 2.52 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s payout ratio is currently 13.21%.
ILLEGAL ACTIVITY NOTICE: “Novare Capital Management LLC Sells 5,656 Shares of Comcast Co. (CMCSA)” was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://stocknewstimes.com/2018/03/17/novare-capital-management-llc-sells-5656-shares-of-comcast-co-cmcsa.html.
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.
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.