State of Wisconsin Investment Board lessened its stake in Comcast (NASDAQ:CMCSA) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,842,765 shares of the cable giant’s stock after selling 536,739 shares during the period. Comcast comprises about 0.6% of State of Wisconsin Investment Board’s holdings, making the stock its 27th largest holding. State of Wisconsin Investment Board owned approximately 0.13% of Comcast worth $199,647,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cipher Capital LP bought a new position in Comcast during the 3rd quarter valued at approximately $7,314,000. Donaldson Capital Management LLC grew its holdings in shares of Comcast by 2.2% during the 3rd quarter. Donaldson Capital Management LLC now owns 743,144 shares of the cable giant’s stock worth $28,596,000 after acquiring an additional 16,222 shares during the period. Reaves W H & Co. Inc. grew its holdings in shares of Comcast by 8.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 3,789,113 shares of the cable giant’s stock worth $145,805,000 after acquiring an additional 300,251 shares during the period. Barber Financial Group Inc. purchased a new position in shares of Comcast during the 3rd quarter worth approximately $267,000. Finally, Fayez Sarofim & Co. grew its holdings in shares of Comcast by 1.1% during the 3rd quarter. Fayez Sarofim & Co. now owns 7,589,752 shares of the cable giant’s stock worth $292,053,000 after acquiring an additional 84,443 shares during the period. 83.75% of the stock is owned by institutional investors.
A number of research analysts have weighed in on CMCSA shares. Pivotal Research reiterated a “buy” rating and set a $113.00 target price on shares of Comcast in a report on Wednesday, February 28th. UBS reduced their target price on Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, March 22nd. Scotiabank set a $52.00 target price on Comcast and gave the stock a “buy” rating in a report on Friday, January 19th. ValuEngine downgraded Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, Bank of America upped their target price on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.62.
Comcast opened at $32.01 on Wednesday, Marketbeat.com reports. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $149.27 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.18 and a beta of 1.19. Comcast has a twelve month low of $31.73 and a twelve month high of $32.03.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. analysts expect that Comcast will post 2.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, July 2nd. This represents a $0.76 annualized dividend and a yield of 2.37%. Comcast’s dividend payout ratio is 36.89%.
In other Comcast news, EVP David N. Watson sold 131,447 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total transaction of $4,835,935.13. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value of $30,411.20. Following the transaction, the senior vice president now directly owns 2,120 shares in the company, valued at $70,384. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,210,111 shares of company stock worth $44,299,007. Company insiders own 1.28% of the company’s stock.
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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