State of Wisconsin Investment Board boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 17.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,148,948 shares of the cable giant’s stock after purchasing an additional 931,910 shares during the period. Comcast Corporation comprises approximately 0.8% of State of Wisconsin Investment Board’s portfolio, making the stock its 19th biggest holding. State of Wisconsin Investment Board owned 0.13% of Comcast Corporation worth $239,317,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. WINTON GROUP Ltd grew its position in Comcast Corporation by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after purchasing an additional 186,920 shares during the period. Boston Partners boosted its stake in shares of Comcast Corporation by 140.7% during the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after acquiring an additional 9,739,468 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Comcast Corporation by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after buying an additional 451,551 shares in the last quarter. Tower Bridge Advisors lifted its stake in shares of Comcast Corporation by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after buying an additional 13,003 shares in the last quarter. Finally, Haverford Trust Co. lifted its stake in shares of Comcast Corporation by 117.5% during the 1st quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock valued at $124,114,000 after buying an additional 1,783,436 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) traded down 0.25% during trading on Friday, hitting $36.18. 15,662,471 shares of the stock were exchanged. The stock’s 50 day moving average is $37.60 and its 200-day moving average is $39.17. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a market cap of $170.53 billion, a price-to-earnings ratio of 18.23 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Comcast Corporation will post $2.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s payout ratio is 31.74%.
A number of research analysts recently weighed in on CMCSA shares. Bank of America Corporation lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Morgan Stanley reiterated an “overweight” rating and issued a $44.00 price target (up previously from $43.00) on shares of Comcast Corporation in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price target on shares of Comcast Corporation in a research note on Friday, July 7th. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a report on Sunday, July 9th. Finally, TD Securities initiated coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $46.17.
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In related news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock valued at $385,050 over the last three months. Corporate insiders own 1.28% of the company’s stock.
Comcast Corporation 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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