Martin Currie Ltd. decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,000 shares of the cable giant’s stock after selling 123,859 shares during the quarter. Martin Currie Ltd.’s holdings in Comcast were worth $6,328,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CMCSA. Janus Henderson Group PLC raised its position in Comcast by 1,581.1% in 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 purchasing an additional 26,522,368 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Comcast in the 4th quarter valued at $650,219,000. Mackenzie Financial Corp raised its position in Comcast by 7,838.2% in the 4th quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after purchasing an additional 10,560,249 shares during the last quarter. Capital International Investors raised its position in Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Comcast by 42.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,074,529 shares of the cable giant’s stock worth $683,835,000 after acquiring an additional 5,100,430 shares during the last quarter. 83.54% of the stock is currently owned by institutional investors and hedge funds.
In other Comcast news, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the transaction, the chairman now directly owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Insiders sold 1,399,951 shares of company stock valued at $52,377,633 in the last quarter. 1.28% of the stock is currently owned by corporate insiders.
NASDAQ CMCSA opened at $33.53 on Tuesday. The stock has a market capitalization of $153,361.63, a P/E ratio of 16.28, a P/E/G ratio of 1.21 and a beta of 1.17. 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 Co. has a 12 month low of $32.74 and a 12 month high of $44.00.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. equities research analysts predict that Comcast Co. will post 2.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.27%. 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 currently 36.89%.
CMCSA has been the subject of a number of recent research reports. Buckingham Research boosted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Pivotal Research restated a “buy” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, December 19th. Moffett Nathanson restated a “buy” rating and set a $52.00 target price (up previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and boosted their target price for the stock from $42.60 to $51.00 in a research report on Friday, January 12th. Finally, Bank of America boosted their target price on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $47.08.
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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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