World Asset Management Inc decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 429,112 shares of the cable giant’s stock after selling 34,770 shares during the quarter. Comcast makes up 0.6% of World Asset Management Inc’s holdings, making the stock its 23rd biggest holding. World Asset Management Inc’s holdings in Comcast were worth $17,186,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beach Investment Management LLC. acquired a new position in shares of Comcast during the second quarter valued at approximately $371,000. Northeast Investment Management grew its position in shares of Comcast by 3.2% in the second quarter. Northeast Investment Management now owns 74,242 shares of the cable giant’s stock valued at $2,889,000 after purchasing an additional 2,321 shares in the last quarter. Jennison Associates LLC grew its position in shares of Comcast by 1.4% in the second quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock valued at $238,435,000 after purchasing an additional 83,461 shares in the last quarter. Annex Advisory Services LLC grew its position in shares of Comcast by 8.9% in the second quarter. Annex Advisory Services LLC now owns 28,860 shares of the cable giant’s stock valued at $1,123,000 after purchasing an additional 2,351 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. grew its position in shares of Comcast by 1.6% in the second quarter. Adell Harriman & Carpenter Inc. now owns 172,408 shares of the cable giant’s stock valued at $6,710,000 after purchasing an additional 2,760 shares in the last quarter. 82.26% of the stock is owned by institutional investors.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, 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 this link. Also, EVP Stephen B. Burke sold 190,756 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 784,158 shares of company stock valued at $31,070,439. Company insiders own 1.28% of the company’s stock.
CMCSA has been the subject of a number of analyst reports. Morgan Stanley upped their price target on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Pivotal Research upped their price target on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. TD Securities lowered Comcast from an “action list buy” rating to a “buy” rating and upped their price target for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Barclays dropped their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Finally, Robert W. Baird restated a “buy” rating and issued a $43.00 price target on shares of Comcast in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.74.
Comcast Co. (NASDAQ CMCSA) opened at $39.47 on Wednesday. The firm has a market capitalization of $183,320.00, a P/E ratio of 18.80, a P/E/G ratio of 1.53 and a beta of 1.04. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 company had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. analysts anticipate that Comcast Co. will post 2.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is currently 30.00%.
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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