Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 825,050 shares of the cable giant’s stock after purchasing an additional 72,863 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Comcast were worth $33,340,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC increased its stake in 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 valued at $1,097,544,000 after buying an additional 26,522,368 shares during the period. Vanguard Group Inc. grew its stake in shares of Comcast by 2.8% in 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 during the last quarter. Capital International Investors grew its stake in shares of Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Comcast by 38.4% in 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 during the last quarter. Finally, Rockefeller Financial Services Inc. grew its stake in shares of Comcast by 4,476.3% in the 4th quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock worth $206,314,000 after purchasing an additional 5,038,817 shares during the last quarter. Hedge funds and other institutional investors own 83.49% of the company’s stock.
Comcast stock traded down $0.48 during mid-day trading on Friday, hitting $34.12. 33,683,578 shares of the company’s stock traded hands, compared to its average volume of 28,782,474. 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 company has a market capitalization of $160,699.92, a price-to-earnings ratio of 16.56, a P/E/G ratio of 1.26 and a beta of 1.17. Comcast Co. has a fifty-two week low of $32.74 and a fifty-two week high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping 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 firm had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter last year, the business earned $0.89 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that Comcast Co. will post 2.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
Several research analysts have commented on CMCSA shares. Pivotal Research reiterated a “buy” rating and issued a $113.00 target price on shares of Comcast in a report on Wednesday, February 28th. UBS decreased their price target on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. 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. Evercore ISI reissued an “outperform” rating and issued a $48.00 price target (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Finally, Buckingham Research lifted their price target on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. Comcast currently has an average rating of “Buy” and a consensus price target of $47.16.
In other news, EVP Arthur R. Block sold 6,358 shares of Comcast stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $33.69, for a total transaction of $214,201.02. Following the sale, the executive vice president now directly owns 72,758 shares of the company’s stock, valued at $2,451,217.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Insiders sold 1,399,951 shares of company stock worth $52,377,633 in the last 90 days. 1.28% of the stock is owned by company insiders.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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