ING Groep NV boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 463.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,718,489 shares of the cable giant’s stock after acquiring an additional 1,413,469 shares during the quarter. Comcast accounts for about 1.3% of ING Groep NV’s portfolio, making the stock its 18th biggest holding. ING Groep NV’s holdings in Comcast were worth $66,127,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in CMCSA. Connecticut Wealth Management LLC lifted its holdings in Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. lifted its holdings in Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares in the last quarter. Clarius Group LLC lifted its holdings in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its holdings in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares in the last quarter. Finally, Peoples Bank OH raised its holdings in shares of Comcast by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after acquiring an additional 59 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 784,158 shares of company stock valued at $31,070,439. 1.28% of the stock is owned by company insiders.
Shares of Comcast Co. (NASDAQ:CMCSA) traded up $0.38 during trading on Friday, hitting $38.57. The stock had a trading volume of 31,157,715 shares, compared to its average volume of 25,190,000. The firm has a market capitalization of $180,270.00, a P/E ratio of 8.07, a PEG ratio of 1.48 and a beta of 1.04. Comcast Co. has a 1-year low of $34.78 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. analysts forecast that Comcast Co. will post 2.46 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 1.97%. Comcast’s payout ratio is presently 13.18%.
Several research analysts have recently commented on the company. SunTrust Banks lifted their price target on Comcast to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Nomura reissued a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. TD Securities raised their price objective on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th. Finally, Scotiabank set a $52.00 price objective on Comcast and gave the stock a “buy” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have issued a buy rating to the company. Comcast has a consensus rating of “Buy” and a consensus price target of $47.74.
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Comcast Company 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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