Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 53.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,465,668 shares of the cable giant’s stock after purchasing an additional 508,987 shares during the period. Comcast Corporation comprises about 2.1% of Northwestern Mutual Investment Management Company LLC’s portfolio, making the stock its 5th largest holding. Northwestern Mutual Investment Management Company LLC’s holdings in Comcast Corporation were worth $95,547,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Biegel & Waller LLC bought a new stake in Comcast Corporation during the second quarter valued at $432,000. Penobscot Investment Management Company Inc. increased its stake in Comcast Corporation by 3.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after purchasing an additional 2,828 shares during the last quarter. WINTON GROUP Ltd increased its stake in Comcast Corporation by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after purchasing an additional 186,920 shares during the last quarter. Artisan Partners Limited Partnership increased its stake in Comcast Corporation by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after purchasing an additional 451,551 shares during the last quarter. Finally, Tower Bridge Advisors boosted its holdings in shares of Comcast Corporation by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after acquiring an additional 13,003 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Monday. Comcast Corporation has a 1-year low of $32.30 and a 1-year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $172,228.45, a PE ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. Comcast Corporation’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. equities research analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.70%. Comcast Corporation’s payout ratio is presently 30.36%.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
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CMCSA has been the subject of several analyst reports. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Barclays PLC reduced their price target on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Comcast Corporation in a report on Tuesday, October 17th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Argus boosted their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and an average price target of $45.84.
Comcast Corporation Profile
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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