Boothbay Fund Management LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 73.9% during the third quarter, Holdings Channel.com reports. The firm owned 7,100 shares of the cable giant’s stock after selling 20,089 shares during the quarter. Boothbay Fund Management LLC’s holdings in Comcast were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Rockbridge Investment Management LCC purchased a new stake in Comcast in the 2nd quarter valued at approximately $29,000. Planned Solutions Inc. purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $32,000. MBM Wealth Consultants LLC boosted its stake in shares of Comcast by 79.6% during the 3rd quarter. MBM Wealth Consultants LLC now owns 817 shares of the cable giant’s stock worth $38,000 after acquiring an additional 362 shares in the last quarter. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Comcast during the 3rd quarter worth approximately $41,000. Finally, Estate Counselors LLC purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $49,000. 75.42% of the stock is currently owned by institutional investors.
In other news, CEO Jeff Shell sold 5,582 shares of the company’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $51.23, for a total transaction of $285,965.86. Following the completion of the sale, the chief executive officer now directly owns 348,167 shares in the company, valued at approximately $17,836,595.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.35% of the company’s stock.
CMCSA stock opened at $50.93 on Friday. The company has a market cap of $233.02 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.08 and a beta of 1.00. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $47.86 and a 200-day simple moving average of $44.04. Comcast Co. has a 52 week low of $31.70 and a 52 week high of $52.49.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 29th. The cable giant reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. The business had revenue of $25.53 billion during the quarter, compared to the consensus estimate of $24.73 billion. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. As a group, analysts expect that Comcast Co. will post 2.53 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, January 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.81%. Comcast’s payout ratio is 29.39%.
Comcast Company Profile
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, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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