Dimensional Fund Advisors LP Has $2.04 Billion Position in Comcast Co. (CMCSA)

Dimensional Fund Advisors LP increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,054,928 shares of the cable giant’s stock after purchasing an additional 432,491 shares during the quarter. Comcast accounts for approximately 0.9% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 5th largest position. Dimensional Fund Advisors LP owned 1.14% of Comcast worth $2,041,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Connecticut Wealth Management LLC lifted its holdings in shares of Comcast by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after acquiring an additional 24 shares during the last quarter. Financial Consulate Inc. lifted its holdings in shares of Comcast by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after acquiring an additional 30 shares during the last quarter. Clarius Group LLC lifted its holdings 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 acquiring an additional 32 shares during the last quarter. GM Advisory Group Inc. lifted its holdings 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 acquiring an additional 48 shares during the last quarter. Finally, Peoples Bank OH lifted its holdings in shares of Comcast by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after acquiring an additional 59 shares during the last quarter. 82.52% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on CMCSA shares. Guggenheim increased their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. SunTrust Banks increased their target price on shares of Comcast to $50.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. TD Securities increased their target price on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Bank of America increased their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Wells Fargo & Co increased their target price on shares of Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus target price of $47.74.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 784,158 shares of company stock worth $31,070,439. Company insiders own 1.28% of the company’s stock.

Comcast Co. (NASDAQ CMCSA) opened at $38.54 on Tuesday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $179,138.63, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.48 and a beta of 1.04.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period last year, the business earned $0.89 EPS. The business’s revenue was up 4.2% on a year-over-year basis. analysts predict that Comcast Co. will post 2.46 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.97%. Comcast’s dividend payout ratio (DPR) is 13.21%.

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About Comcast

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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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