Signaturefd LLC lowered its position in shares of Comcast (NASDAQ:CMCSA) by 11.8% in the first quarter, Holdings Channel reports. The institutional investor owned 18,671 shares of the cable giant’s stock after selling 2,496 shares during the period. Signaturefd LLC’s holdings in Comcast were worth $638,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CMCSA. Massachusetts Financial Services Co. MA grew its stake in shares of Comcast by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 135,451,128 shares of the cable giant’s stock worth $4,628,365,000 after purchasing an additional 8,022,739 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Comcast by 0.8% during the 3rd 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 period. Geode Capital Management LLC grew its stake in shares of Comcast by 1.2% during the 4th 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 period. Capital International Investors grew its stake in shares of Comcast by 23.3% during the 3rd 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 period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Comcast by 2.7% during the 4th 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 period. Institutional investors own 82.08% of the company’s stock.
A number of equities analysts have recently weighed in on CMCSA shares. TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. ValuEngine cut shares of Comcast from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Atlantic Securities cut shares of Comcast from an “overweight” rating to a “neutral” rating in a research note on Tuesday, May 8th. Macquarie reissued a “hold” rating and issued a $38.00 price objective on shares of Comcast in a research note on Sunday, April 29th. Finally, UBS lowered their price objective on shares of Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $46.23.
In other Comcast news, EVP David N. Watson sold 131,447 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total transaction of $4,835,935.13. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 2,471 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total transaction of $87,967.60. Following the sale, the executive vice president now directly owns 62,988 shares in the company, valued at $2,242,372.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,210,111 shares of company stock worth $44,299,007 over the last ninety days. 1.28% of the stock is owned by corporate insiders.
Comcast opened at $32.72 on Monday, MarketBeat Ratings reports. Comcast has a 12-month low of $30.43 and a 12-month high of $44.00. The stock has a market cap of $151.97 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.20 and a beta of 1.19. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.74 billion. During the same period last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities research analysts expect that Comcast will post 2.47 EPS for the current fiscal year.
The company also recently declared 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 dividend yield of 2.32%. Comcast’s dividend payout ratio is currently 36.89%.
Comcast Company Profile
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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