Highbridge Capital Management LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 61,339 shares of the cable giant’s stock, valued at approximately $2,172,000.
A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. FMR LLC increased its holdings in Comcast by 10.2% in the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after acquiring an additional 11,459,543 shares in the last quarter. Bank of Montreal Can increased its holdings in Comcast by 43.9% in the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after acquiring an additional 6,893,674 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Comcast by 17.6% in the 3rd quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after acquiring an additional 5,499,850 shares in the last quarter. Natixis purchased a new stake in Comcast in the 2nd quarter worth approximately $147,520,000. Finally, Canyon Capital Advisors LLC purchased a new stake in Comcast in the 2nd quarter worth approximately $147,645,000. 79.99% of the stock is owned by institutional investors.
CMCSA stock opened at $37.41 on Friday. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $175.93 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The business had revenue of $22.14 billion during the quarter, compared to the consensus estimate of $21.75 billion. On average, sell-side analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a yield of 2.03%. Comcast’s payout ratio is 36.89%.
Several equities research analysts recently issued reports on the stock. Pivotal Research reissued a “buy” rating on shares of Comcast in a report on Friday, August 10th. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Barclays assumed coverage on shares of Comcast in a report on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 target price for the company. Oppenheimer reissued a “market perform” rating and issued a $42.00 target price on shares of Comcast in a report on Monday, September 24th. Finally, BidaskClub lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.61.
In other news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction that occurred on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.
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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