Stephens Inc. AR lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,166 shares of the cable giant’s stock after selling 2,755 shares during the quarter. Stephens Inc. AR’s holdings in Comcast were worth $7,548,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Janus Henderson Group PLC boosted its position in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Comcast by 2.8% during the 2nd 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. UBS Asset Management Americas Inc. boosted its position in shares of Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock worth $476,934,000 after purchasing an additional 3,513,006 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Comcast during the 2nd quarter worth $136,220,000. Institutional investors and hedge funds own 82.26% of the company’s stock.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value 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 approximately $66,195,228.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock valued at $22,961,401 in the last ninety days. Company insiders own 1.28% of the company’s stock.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $42.89 on Tuesday. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $42.92. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $200,460.00, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities analysts anticipate that Comcast Co. will post 2.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.46%. Comcast’s payout ratio is 29.72%.
CMCSA has been the subject of several analyst reports. Nomura restated a “neutral” rating and issued a $42.00 price target (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Scotiabank set a $52.00 price target on Comcast and gave the company a “buy” rating in a report on Friday. Moffett Nathanson restated a “buy” rating and issued a $52.00 price target (up previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Instinet cut Comcast from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $45.00 in a report on Thursday, January 18th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.83.
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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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