Oakbrook Investments LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 28.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,314 shares of the cable giant’s stock after acquiring an additional 25,300 shares during the quarter. Oakbrook Investments LLC’s holdings in Comcast were worth $4,399,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 8,677,771 shares during the period. Bank of New York Mellon Corp boosted its position in Comcast by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after purchasing an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Comcast by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock valued at $2,048,075,000 after purchasing an additional 522,139 shares during the last quarter. Alliancebernstein L.P. boosted its position in Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after purchasing an additional 1,839,436 shares during the last quarter. Finally, Veritas Asset Management LLP boosted its position in Comcast by 10.4% during the second quarter. Veritas Asset Management LLP now owns 32,006,173 shares of the cable giant’s stock valued at $1,245,680,000 after purchasing an additional 3,021,613 shares during the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.
In other news, EVP Arthur R. Block sold 3,937 shares of Comcast 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 transaction, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 in the last 90 days. Company insiders own 1.28% of the company’s stock.
A number of research firms recently issued reports on CMCSA. Macquarie reissued a “buy” rating and set a $40.00 price objective on shares of Comcast in a research report on Thursday, December 7th. Barclays dropped their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Robert W. Baird restated an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. OTR Global lowered Comcast to a “positive” rating in a research note on Monday, October 30th. Finally, Buckingham Research initiated coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.15.
Comcast Corporation (CMCSA) traded up $1.51 during midday trading on Thursday, hitting $42.60. 36,703,666 shares of the company traded hands, compared to its average volume of 24,550,000. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $199,100.00, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. Comcast Corporation has a twelve month low of $34.78 and a twelve month high of $42.67.
Comcast (NASDAQ:CMCSA) last issued its 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 had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts predict that Comcast Corporation will post 2.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.47%. Comcast’s dividend payout ratio is currently 29.72%.
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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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