Swiss National Bank lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,950,300 shares of the cable giant’s stock after selling 73,000 shares during the period. Comcast makes up about 0.8% of Swiss National Bank’s investment portfolio, making the stock its 20th largest position. Swiss National Bank owned approximately 0.38% of Comcast worth $718,910,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarius Group LLC increased its stake in shares of Comcast by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after buying an additional 32 shares during the last quarter. GM Advisory Group Inc. increased its stake in shares of Comcast by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after buying an additional 48 shares during the last quarter. Strategic Advisors LLC increased its stake in shares of Comcast by 0.5% in the second quarter. Strategic Advisors LLC now owns 20,872 shares of the cable giant’s stock worth $812,000 after buying an additional 106 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its stake in shares of Comcast by 2.1% in the second quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock worth $359,000 after buying an additional 190 shares during the last quarter. Finally, Balentine LLC increased its stake in shares of Comcast by 1.5% in the second quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock worth $536,000 after buying an additional 200 shares during the last quarter. Institutional investors own 83.44% of the company’s stock.
In other news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the transaction, the chairman now directly owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,375,598 shares of company stock valued at $51,570,601. Corporate insiders own 1.28% of the company’s stock.
CMCSA has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and lifted their price target for the stock from $42.60 to $51.00 in a research note on Friday, January 12th. Wells Fargo lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Buckingham Research lifted their price target 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. Finally, Macquarie restated a “buy” rating and issued a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.39.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $35.30 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00. The firm has a market cap of $166,412.69, a price-to-earnings ratio of 7.40, a price-to-earnings-growth ratio of 1.29 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the 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 firm had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts forecast that Comcast Co. will post 2.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a positive change 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 2.15%. Comcast’s payout ratio is presently 13.21%.
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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, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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