Capital International Investors grew its stake in Comcast Co. (NASDAQ:CMCSA) by 23.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,256,110 shares of the cable giant’s stock after acquiring an additional 6,467,802 shares during the quarter. Comcast accounts for 1.6% of Capital International Investors’ holdings, making the stock its 11th biggest position. Capital International Investors owned 0.73% of Comcast worth $1,318,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Clear Perspective Advisors LLC boosted its holdings in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Comcast during the 2nd quarter valued at $107,000. Willingdon Wealth Management acquired a new stake in Comcast during the 3rd quarter valued at $133,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Comcast during the 2nd quarter valued at $165,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Comcast during the 2nd quarter valued at $168,000. 82.52% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Co. (NASDAQ:CMCSA) traded up $0.38 during trading on Monday, reaching $38.57. The company had a trading volume of 37,375,898 shares, compared to its average volume of 25,684,713. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $44.00. The company has a market capitalization of $179,960.00, a P/E ratio of 8.06, a P/E/G ratio of 1.48 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. sell-side analysts anticipate that Comcast Co. will post 2.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is currently 13.18%.
Several brokerages have issued reports on CMCSA. Guggenheim raised their price target on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks increased their price objective on Comcast to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. TD Securities increased their price objective on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Bank of America raised their price target on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Co raised their price target on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.74.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The stock was 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 of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock worth $31,070,439 in the last ninety days. Insiders own 1.28% of the company’s stock.
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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