Millennium Management LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 47.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,111,884 shares of the cable giant’s stock after selling 1,922,836 shares during the quarter. Millennium Management LLC’s holdings in Comcast were worth $72,163,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CMCSA. Crewe Advisors LLC purchased a new position in Comcast in the 4th quarter valued at about $102,000. Vigilant Capital Management LLC lifted its stake in Comcast by 474.2% in the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after buying an additional 2,134 shares in the last quarter. Tower View Investment Management & Research LLC purchased a new position in Comcast in the 4th quarter valued at about $109,000. Global Trust Asset Management LLC purchased a new position in Comcast in the 4th quarter valued at about $126,000. Finally, Santori & Peters Inc. purchased a new position in Comcast in the 4th quarter valued at about $126,000. 81.49% of the stock is currently owned by institutional investors and hedge funds.
Comcast opened at $32.81 on Wednesday, Marketbeat.com reports. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $151.32 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.17 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The firm had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.74 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. sell-side analysts expect that Comcast Co. will post 2.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 3rd will be issued a $0.19 dividend. The ex-dividend date is Monday, July 2nd. This represents a $0.76 annualized dividend and a yield of 2.32%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
In other Comcast news, SVP Daniel C. Murdock sold 1,694 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total value of $52,598.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 6,358 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $33.69, for a total transaction of $214,201.02. Following the completion of the transaction, the executive vice president now directly owns 72,758 shares of the company’s stock, valued at approximately $2,451,217.02. The disclosure for this sale can be found here. Insiders sold a total of 19,838 shares of company stock valued at $661,247 in the last quarter. 1.31% of the stock is owned by insiders.
CMCSA has been the topic of a number of research reports. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Macquarie lowered shares of Comcast from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 28th. Pivotal Research reissued a “buy” rating and issued a $113.00 target price on shares of Comcast in a research note on Wednesday, February 28th. TD Securities decreased their target price on shares of Comcast from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, March 29th. Finally, Nomura decreased their target price on shares of Comcast to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $46.57.
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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