Schwab Charles Investment Management Inc. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,904,883 shares of the cable giant’s stock after purchasing an additional 1,646,360 shares during the period. Comcast accounts for approximately 0.6% of Schwab Charles Investment Management Inc.’s holdings, making the stock its 28th biggest position. Schwab Charles Investment Management Inc.’s holdings in Comcast were worth $756,899,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after buying an additional 432,491 shares during the last quarter. Capital International Investors grew its stake in Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the last quarter. Veritas Asset Management LLP grew its stake in Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after buying an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after buying an additional 1,839,436 shares during the last quarter. 82.26% of the stock is owned by hedge funds and other institutional investors.
Comcast Co. (NASDAQ CMCSA) opened at $39.79 on Monday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The firm has a market cap of $184,804.94, a P/E ratio of 19.32, a P/E/G ratio of 1.53 and a beta of 1.04. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period in the prior year, the business posted $0.89 earnings per share. Comcast’s revenue was up 4.2% compared to the same quarter last year. equities analysts predict that Comcast Co. will post 2.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a $0.19 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.91%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is currently 13.21%.
Several analysts have weighed in on CMCSA shares. Buckingham Research upped their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, December 19th. Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Nomura decreased their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $49.00 price target on shares of Comcast in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.74.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock worth $31,070,439 over the last 90 days. 1.28% of the stock is currently owned by company insiders.
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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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