CHICAGO TRUST Co NA lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 12.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,483 shares of the cable giant’s stock after acquiring an additional 2,113 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Comcast were worth $834,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC lifted its holdings in Comcast by 1,088.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 40,918,884 shares of the cable giant’s stock worth $1,730,050,000 after buying an additional 37,474,814 shares during the period. APG Asset Management N.V. lifted its holdings in Comcast by 89.7% during the 2nd quarter. APG Asset Management N.V. now owns 19,074,628 shares of the cable giant’s stock worth $708,180,000 after buying an additional 9,020,100 shares during the period. BlackRock Inc. lifted its stake in shares of Comcast by 2.7% in the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock valued at $13,748,022,000 after purchasing an additional 8,635,296 shares during the period. Vanguard Group Inc. lifted its stake in shares of Comcast by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock valued at $16,552,290,000 after purchasing an additional 7,792,136 shares during the period. Finally, Rothschild & Co Wealth Management UK Ltd acquired a new position in shares of Comcast in the 2nd quarter valued at about $305,744,000. 82.75% of the stock is currently owned by institutional investors.
In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.
A number of brokerages have recently issued reports on CMCSA. Macquarie began coverage on Comcast in a research note on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price objective on the stock. Goldman Sachs Group raised Comcast from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $54.00 in a research note on Wednesday, July 10th. Pivotal Research boosted their price objective on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Rosenblatt Securities began coverage on Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $48.70.
Comcast stock traded up $0.27 during midday trading on Wednesday, reaching $44.38. The stock had a trading volume of 9,368,583 shares, compared to its average volume of 18,132,676. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The company has a market capitalization of $202.66 billion, a P/E ratio of 17.40, a PEG ratio of 1.22 and a beta of 1.08. The company has a fifty day moving average price of $45.05 and a two-hundred day moving average price of $43.13. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The business had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts predict that Comcast Co. will post 3.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, October 1st. Comcast’s payout ratio is 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Featured Story: What are Closed-End Mutual Funds?
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
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.