A number of other hedge funds also recently bought and sold shares of CMCSA. Nicolet Advisory Services LLC increased its stake in Comcast by 21.0% during the 3rd quarter. Nicolet Advisory Services LLC now owns 12,724 shares of the cable giant’s stock worth $371,000 after buying an additional 2,210 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Comcast by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 38,596,610 shares of the cable giant’s stock valued at $1,132,332,000 after purchasing an additional 578,456 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Comcast by 99.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,121,843 shares of the cable giant’s stock valued at $32,904,000 after purchasing an additional 559,396 shares in the last quarter. Bank of Montreal Can boosted its stake in Comcast by 26.6% during the 3rd quarter. Bank of Montreal Can now owns 7,883,814 shares of the cable giant’s stock worth $453,318,000 after purchasing an additional 1,658,502 shares during the last quarter. Finally, TCTC Holdings LLC grew its holdings in shares of Comcast by 13.9% during the third quarter. TCTC Holdings LLC now owns 652,186 shares of the cable giant’s stock worth $19,129,000 after buying an additional 79,631 shares in the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.
Insiders Place Their Bets
In related news, major shareholder Corp Comcast sold 1,610,496 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $2.38, for a total transaction of $3,832,980.48. Following the transaction, the insider now directly owns 25,153,615 shares of the company’s stock, valued at $59,865,603.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 7,003,469 shares of company stock worth $17,950,890. 1.11% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research firms recently commented on CMCSA. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 2nd. JPMorgan Chase & Co. lifted their price target on Comcast from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. TD Securities lowered their price target on shares of Comcast from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Friday, January 27th. Scotiabank dropped their price target on shares of Comcast from $47.00 to $43.00 and set a “sector outperform” rating for the company in a research note on Monday, October 17th. Finally, TheStreet upgraded shares of Comcast from a “c” rating to a “b-” rating in a report on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.57.
Comcast Price Performance
CMCSA opened at $39.09 on Tuesday. Comcast Co. has a fifty-two week low of $28.39 and a fifty-two week high of $48.42. The firm has a market cap of $164.81 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $37.31 and its 200 day moving average price is $35.26.
Comcast (NASDAQ:CMCSA – Get Rating) last announced its earnings results on Thursday, January 26th. The cable giant reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. Comcast had a return on equity of 18.40% and a net margin of 4.42%. The business had revenue of $30.55 billion during the quarter, compared to analysts’ expectations of $30.36 billion. During the same quarter last year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts expect that Comcast Co. will post 3.67 earnings per share for the current year.
Comcast Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be paid a $0.29 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, April 4th. Comcast’s dividend payout ratio is currently 90.76%.
Comcast Profile
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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.
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