Barrow Hanley Mewhinney & Strauss LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,753,861 shares of the cable giant’s stock after selling 1,638,625 shares during the quarter. Comcast comprises about 2.5% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 7th largest position. Barrow Hanley Mewhinney & Strauss LLC owned 0.79% of Comcast worth $1,251,468,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in Comcast by 6,558.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 33,520,863 shares of the cable giant’s stock worth $984,000 after buying an additional 33,017,459 shares during the period. Geode Capital Management LLC increased its stake in Comcast by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after buying an additional 5,992,911 shares during the period. Sound Shore Management Inc. CT purchased a new position in Comcast in the 4th quarter worth about $151,101,000. Legal & General Group Plc increased its stake in Comcast by 16.2% in the 4th quarter. Legal & General Group Plc now owns 24,357,046 shares of the cable giant’s stock worth $829,376,000 after buying an additional 3,393,163 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Comcast by 11.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 23,391,158 shares of the cable giant’s stock worth $828,281,000 after buying an additional 2,323,325 shares during the period. 81.15% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP David L. Cohen sold 275,746 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total value of $10,205,359.46. Following the sale, the executive vice president now directly owns 650,656 shares in the company, valued at approximately $24,080,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 845 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $35.55, for a total transaction of $30,039.75. Following the completion of the sale, the senior vice president now owns 1,005 shares in the company, valued at $35,727.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,284,720 shares of company stock worth $49,080,076. 1.31% of the stock is owned by company insiders.
Several research firms recently commented on CMCSA. Nomura raised their price target on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research note on Tuesday, April 9th. Royal Bank of Canada downgraded shares of Comcast from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $45.00 to $42.00 in a research note on Friday, March 29th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.45.
Shares of Comcast stock opened at $41.97 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $42.18. The stock has a market cap of $194.05 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The company had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, equities research analysts forecast that Comcast Co. will post 2.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.00%. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 32.94%.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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