Choate Investment Advisors Has $1.13 Million Holdings in Comcast (CMCSA)


Choate Investment Advisors reduced its stake in shares of Comcast (NASDAQ:CMCSA) by 41.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,155 shares of the cable giant’s stock after selling 23,005 shares during the period. Choate Investment Advisors’ holdings in Comcast were worth $1,133,000 at the end of the most recent quarter.


Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of Stockton boosted its stake in shares of Comcast by 3.2% during the 3rd quarter. Bank of Stockton now owns 61,500 shares of the cable giant’s stock worth $2,365,000 after acquiring an additional 1,907 shares in the last quarter. Veritas Investment Management LLP boosted its stake in shares of Comcast by 6.8% during the 3rd quarter. Veritas Investment Management LLP now owns 1,883,084 shares of the cable giant’s stock worth $72,433,000 after acquiring an additional 119,540 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Comcast by 0.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 4,458,418 shares of the cable giant’s stock worth $184,541,000 after acquiring an additional 24,040 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Comcast by 1.6% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,121,207 shares of the cable giant’s stock worth $43,144,000 after acquiring an additional 17,818 shares in the last quarter. Finally, Allen Investment Management LLC boosted its stake in shares of Comcast by 6.3% during the 3rd quarter. Allen Investment Management LLC now owns 3,218,886 shares of the cable giant’s stock worth $123,863,000 after acquiring an additional 189,973 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.


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Several equities research analysts have recently issued reports on CMCSA shares. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and increased their target price for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. Instinet lowered shares of Comcast from a “buy” rating to a “neutral” rating and increased their target price for the stock from $42.00 to $45.00 in a research note on Thursday, January 18th. Nomura reissued a “neutral” rating and set a $42.00 target price (down from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Moffett Nathanson reissued a “buy” rating and set a $52.00 target price (up from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Finally, Scotiabank set a $52.00 target price on shares of Comcast and gave the stock a “buy” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and a consensus target price of $46.55.


Shares of Comcast stock opened at $31.90 on Friday. The stock has a market capitalization of $142.73 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.13 and a beta of 1.19. Comcast has a twelve month low of $31.51 and a twelve month high of $31.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. Comcast’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $0.53 EPS. sell-side analysts forecast that Comcast will post 2.47 EPS for the current year.


The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.38%. Comcast’s payout ratio is 36.89%.

In other Comcast news, CEO Brian L. Roberts sold 358,353 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $36.89, for a total value of $13,219,642.17. Following the completion of the sale, the chief executive officer now owns 1,717,788 shares in the company, valued at approximately $63,369,199.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Brian L. Roberts sold 691,105 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the completion of the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,210,111 shares of company stock valued at $44,299,007. 1.28% of the stock is owned by insiders.


Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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