HBK Sorce Advisory LLC Increases Position in Comcast (CMCSA)

HBK Sorce Advisory LLC boosted its position in shares of Comcast (NASDAQ:CMCSA) by 770.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 186,547 shares of the cable giant’s stock after acquiring an additional 165,122 shares during the period. Comcast comprises approximately 0.9% of HBK Sorce Advisory LLC’s investment portfolio, making the stock its 18th biggest holding. HBK Sorce Advisory LLC’s holdings in Comcast were worth $7,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CMCSA. Janus Henderson Group PLC lifted its stake in shares of 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 stake in shares of Comcast in the 4th quarter valued at approximately $650,219,000. Mackenzie Financial Corp lifted its stake in shares of 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 lifted 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 valued at $1,318,175,000 after purchasing an additional 6,467,802 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Comcast by 42.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 17,074,529 shares of the cable giant’s stock valued at $683,835,000 after purchasing an additional 5,100,430 shares during the last quarter. 83.54% of the stock is owned by institutional investors.

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In other news, SVP Daniel C. Murdock sold 916 shares of Comcast stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the transaction, the senior vice president now directly owns 2,120 shares in the company, valued at approximately $70,384. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction on Monday, March 19th. The shares were sold at an average price of $35.60, for a total value of $67,319.60. Following the completion of the transaction, the senior vice president now owns 2,585 shares in the company, valued at $92,026. The disclosure for this sale can be found here. Insiders have sold a total of 1,400,867 shares of company stock worth $52,408,044 over the last 90 days. 1.28% of the stock is currently owned by company insiders.

CMCSA has been the subject of a number of research analyst reports. Scotiabank reissued a “buy” rating and set a $46.00 price target on shares of Comcast in a research note on Friday. Nomura decreased their price target on Comcast to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 9th. Pivotal Research reissued a “buy” rating and set a $48.00 price target (down from $52.00) on shares of Comcast in a research note on Friday, April 6th. ValuEngine lowered Comcast from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Finally, TD Securities decreased their price target on Comcast from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, March 29th. Two 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 has a consensus rating of “Buy” and an average target price of $46.84.

CMCSA opened at $33.21 on Friday. The firm has a market cap of $155,498.09, a price-to-earnings ratio of 16.12, a PEG ratio of 1.23 and a beta of 1.17. Comcast has a 52 week low of $32.74 and a 52 week high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion for 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%. Comcast’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. equities research analysts forecast that Comcast will post 2.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 36.89%.

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About Comcast

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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