OLD Second National Bank of Aurora lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 63.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,408 shares of the cable giant’s stock after purchasing an additional 1,712 shares during the period. OLD Second National Bank of Aurora’s holdings in Comcast were worth $176,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Janus Henderson Group PLC raised its holdings in Comcast by 1,581.1% in the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. raised its holdings in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares in the last quarter. Capital International Investors raised its holdings in Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Comcast by 38.4% in the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after acquiring an additional 5,108,525 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in Comcast by 40.2% in the second quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after acquiring an additional 3,513,006 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently issued reports on CMCSA shares. Nomura cut their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Evercore ISI reiterated an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research boosted their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and boosted their target price for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Finally, Scotiabank set a $52.00 target price on shares of Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. One 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. The company has an average rating of “Buy” and a consensus target price of $47.74.
Comcast Co. (NASDAQ:CMCSA) opened at $39.79 on Friday. The company has a market cap of $184,810.00, a PE ratio of 18.95, a PEG ratio of 1.53 and a beta of 1.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 12-month low of $34.78 and a 12-month high of $44.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. research analysts expect that Comcast Co. will post 2.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.91%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is currently 30.00%.
In other news, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated 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 owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock valued at $31,070,439 in the last 90 days. Insiders own 1.28% of the company’s stock.
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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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