Clearline Capital LP acquired a new stake in Comcast (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,082 shares of the cable giant’s stock, valued at approximately $884,000.
Several other large investors have also recently bought and sold shares of CMCSA. Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 432,491 shares during the last quarter. Geode Capital Management LLC increased its position in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock worth $1,968,535,000 after purchasing an additional 567,282 shares during the last quarter. Capital International Investors increased its position in 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 purchasing an additional 6,467,802 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in Comcast by 2.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 33,885,075 shares of the cable giant’s stock worth $1,357,097,000 after purchasing an additional 892,457 shares during the last quarter. Finally, Veritas Asset Management LLP increased its position in 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 purchasing an additional 1,189,200 shares during the last quarter. 83.54% of the stock is owned by institutional investors and hedge funds.
In other Comcast news, SVP Daniel C. Murdock sold 1,891 shares of the stock in a transaction on Monday, March 19th. The shares were sold at an average price of $35.60, for a total transaction of $67,319.60. Following the transaction, the senior vice president now directly owns 2,585 shares in the company, valued at approximately $92,026. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel C. Murdock sold 916 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the transaction, the senior vice president now owns 2,120 shares in the company, valued at $70,384. The disclosure for this sale can be found here. Insiders sold 1,400,867 shares of company stock valued at $52,408,044 over the last 90 days. Insiders own 1.28% of the company’s stock.
Shares of CMCSA stock opened at $33.48 on Friday. The firm has a market capitalization of $154,522.75, a PE ratio of 16.25, a PEG ratio of 1.22 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 has a twelve month low of $32.74 and a twelve month high of $44.00.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, beating the consensus estimate 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 net margin of 26.87% and a return on equity of 16.47%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. research analysts predict that Comcast will post 2.48 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.27%. Comcast’s dividend payout ratio is 36.89%.
CMCSA has been the subject of several research analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $113.00 price target on shares of Comcast in a research report on Wednesday, February 28th. UBS dropped their price objective on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, March 22nd. Scotiabank set a $52.00 price objective on shares of Comcast and gave the stock a “buy” rating in a research report on Friday, January 19th. Evercore ISI reissued an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Finally, Buckingham Research increased their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average price target of $47.08.
TRADEMARK VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/20/clearline-capital-lp-takes-884000-position-in-comcast-cmcsa.html.
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.
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.