Westpac Banking Corp boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,044,992 shares of the cable giant’s stock after purchasing an additional 94,894 shares during the period. Comcast makes up approximately 1.0% of Westpac Banking Corp’s holdings, making the stock its 13th biggest position. Westpac Banking Corp’s holdings in Comcast were worth $41,852,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in CMCSA. Beach Investment Management LLC. purchased a new stake in Comcast in the 2nd quarter worth approximately $371,000. Penobscot Investment Management Company Inc. lifted its position in Comcast by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after buying an additional 2,828 shares in the last quarter. Addenda Capital Inc. lifted its position in Comcast by 33.2% in the 2nd quarter. Addenda Capital Inc. now owns 74,713 shares of the cable giant’s stock worth $2,917,000 after buying an additional 18,604 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in Comcast by 36.5% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 34,000 shares of the cable giant’s stock worth $1,323,000 after buying an additional 9,100 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in Comcast by 3.8% in the 2nd quarter. Blair William & Co. IL now owns 701,584 shares of the cable giant’s stock worth $27,306,000 after buying an additional 25,540 shares in the last quarter. 82.26% of the stock is owned by institutional investors and hedge funds.
Comcast Co. (NASDAQ CMCSA) opened at $39.79 on Monday. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The stock has a market cap of $184,804.94, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.53 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the prior year, the firm earned $0.89 EPS. The business’s revenue was up 4.2% on a year-over-year basis. equities analysts anticipate that Comcast Co. will post 2.45 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 1.91%. Comcast’s dividend payout ratio is 13.21%.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 784,158 shares of company stock valued at $31,070,439. Insiders own 1.28% of the company’s stock.
CMCSA has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. TD Securities increased their target price on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Nomura reiterated a “neutral” rating and issued a $42.00 target price (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Buckingham Research increased their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have assigned a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and an average target price of $47.74.
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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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