Russell Investments Group Ltd. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,577,321 shares of the cable giant’s stock after selling 252,851 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Comcast worth $214,603,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of CMCSA. Vanguard Group Inc. boosted its holdings in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Comcast by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Comcast by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock worth $2,048,075,000 after purchasing an additional 522,139 shares during the last quarter. Veritas Asset Management LLP boosted its holdings in Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after purchasing an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Comcast by 6.0% in the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after purchasing an additional 1,839,436 shares during the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Several equities research analysts recently issued reports on the stock. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and raised their target price for the stock from $42.60 to $51.00 in a report on Friday. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of Comcast in a report on Thursday, December 7th. OTR Global cut shares of Comcast to a “positive” rating in a report on Monday, October 30th. Barclays dropped their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $46.15.
In other news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock worth $22,961,401 over the last 90 days. Insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $42.44 on Friday. The company has a market cap of $198,354.83, a price-to-earnings ratio of 21.06, a PEG ratio of 1.87 and a beta of 1.00. Comcast Corporation has a 52-week low of $34.78 and a 52-week high of $42.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. Comcast’s payout ratio is 30.36%.
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Comcast Company 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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