Bradley Foster & Sargent Inc. CT cut its stake in Comcast Co. (NASDAQ:CMCSA) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 698,232 shares of the cable giant’s stock after selling 13,123 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Comcast were worth $27,964,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after buying an additional 432,491 shares during the last quarter. Capital International Investors raised its stake in shares of Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the last quarter. Veritas Asset Management LLP raised its stake in shares of Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after buying an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after buying an additional 1,839,436 shares during the last quarter. 83.49% of the stock is owned by institutional investors.
Several equities research analysts have commented on the stock. Buckingham Research upped 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. Pivotal Research reaffirmed a “buy” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. Moffett Nathanson reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $45.00) on shares of Comcast in a research note on Thursday, January 18th. TD Securities downgraded shares of Comcast from an “action list buy” rating to a “buy” rating and upped their target price for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Finally, Bank of America upped their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company. Comcast presently has an average rating of “Buy” and an average price target of $47.16.
Shares of Comcast stock traded down $0.48 on Friday, hitting $34.12. The company had a trading volume of 33,780,784 shares, compared to its average volume of 28,782,474. The stock has a market capitalization of $158,470.56, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17. Comcast Co. has a twelve month low of $32.74 and a twelve month high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping 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 business had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. equities analysts anticipate that Comcast Co. will post 2.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.23%. Comcast’s dividend payout ratio is presently 36.89%.
In related news, EVP Arthur R. Block sold 6,358 shares of the stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $33.69, for a total transaction of $214,201.02. Following the completion of the transaction, the executive vice president now owns 72,758 shares in the company, valued at $2,451,217.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 10,870 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $33.49, for a total transaction of $364,036.30. Following the completion of the sale, the executive vice president now owns 85,418 shares of the company’s stock, valued at approximately $2,860,648.82. The disclosure for this sale can be found here. Insiders have sold 1,399,951 shares of company stock valued at $52,377,633 in the last 90 days. 1.28% of the stock is currently owned by corporate 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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