Los Angeles Capital Management & Equity Research Inc. lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 402.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,064,255 shares of the cable giant’s stock after acquiring an additional 852,417 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Comcast were worth $40,953,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Parkside Investments LLC acquired a new stake in Comcast during the 3rd quarter worth approximately $377,000. Capital Analysts LLC increased its position in shares of Comcast by 4.1% in the 3rd quarter. Capital Analysts LLC now owns 87,955 shares of the cable giant’s stock valued at $3,385,000 after purchasing an additional 3,499 shares during the last quarter. Providence First Trust Co purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $209,000. Toronto Dominion Bank increased its position in shares of Comcast by 44.2% in the 3rd quarter. Toronto Dominion Bank now owns 2,522,337 shares of the cable giant’s stock valued at $97,059,000 after purchasing an additional 773,148 shares during the last quarter. Finally, Veritas Investment Management UK Ltd increased its position in shares of Comcast by 5.7% in the 3rd quarter. Veritas Investment Management UK Ltd now owns 512,079 shares of the cable giant’s stock valued at $19,705,000 after purchasing an additional 27,797 shares during the last quarter. Hedge funds and other institutional investors own 82.33% of the company’s stock.
A number of equities research analysts have commented on CMCSA shares. KeyCorp reissued a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, October 18th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. Finally, Pivotal Research increased their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and a consensus target price of $47.74.
Shares of Comcast Co. (NASDAQ:CMCSA) traded down $0.78 during midday trading on Friday, hitting $41.11. 30,467,604 shares of the company traded hands, compared to its average volume of 21,230,000. 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 Co. has a 12-month low of $34.78 and a 12-month high of $44.00. The firm has a market capitalization of $192,140.00, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.04.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $21.83 billion. During the same period last year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. research analysts forecast that Comcast Co. will post 2.46 earnings per share for the current fiscal 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 issued a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is 13.18%.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were 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 in the company, valued at $66,195,228.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, 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. Insiders have sold a total of 784,158 shares of company stock valued at $31,070,439 over the last 90 days. 1.28% of the stock is currently owned by insiders.
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Comcast 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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