Cumberland Partners Ltd boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 39.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 96,625 shares of the cable giant’s stock after purchasing an additional 27,550 shares during the period. Cumberland Partners Ltd’s holdings in Comcast were worth $3,870,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Comcast by 1.9% in the 4th quarter. Russell Investments Group Ltd. now owns 5,682,816 shares of the cable giant’s stock valued at $228,921,000 after buying an additional 105,495 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Comcast by 1.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,681,381 shares of the cable giant’s stock worth $587,989,000 after purchasing an additional 174,763 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Comcast by 9.7% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 825,050 shares of the cable giant’s stock worth $33,340,000 after purchasing an additional 72,863 shares in the last quarter. Hedeker Wealth LLC lifted its stake in Comcast by 4.7% in the 4th quarter. Hedeker Wealth LLC now owns 57,560 shares of the cable giant’s stock worth $2,305,000 after purchasing an additional 2,594 shares in the last quarter. Finally, Veritas Investment Management LLP lifted its stake in Comcast by 3.2% in the 4th quarter. Veritas Investment Management LLP now owns 1,942,769 shares of the cable giant’s stock worth $77,856,000 after purchasing an additional 59,685 shares in the last quarter. 83.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Arthur R. Block sold 2,471 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $87,967.60. Following the transaction, the executive vice president now owns 62,988 shares of the company’s stock, valued at $2,242,372.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $34.84, for a total transaction of $233,428.00. Following the transaction, the executive vice president now directly owns 62,988 shares in the company, valued at approximately $2,194,501.92. 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 ninety days. Insiders own 1.28% of the company’s stock.
Shares of Comcast stock traded down $0.48 on Friday, reaching $34.12. 33,780,784 shares of the stock were exchanged, compared to its average volume of 28,782,474. Comcast Co. has a 1-year low of $32.74 and a 1-year 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. The firm has a market cap of $158,470.56, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17.
Comcast (NASDAQ:CMCSA) last issued its earnings results 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 net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities research analysts anticipate that Comcast Co. will post 2.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio is 36.89%.
CMCSA has been the subject of a number of recent analyst reports. Morgan Stanley lifted their target price on shares of Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and raised their price target for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Wells Fargo raised their price target 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. Buckingham Research raised 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. Finally, Macquarie cut shares of Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $47.16.
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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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