Usca Ria LLC raised its stake in Comcast (NASDAQ:CMCSA) by 40.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,644 shares of the cable giant’s stock after purchasing an additional 3,328 shares during the quarter. Usca Ria LLC’s holdings in Comcast were worth $398,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CMCSA. Massachusetts Financial Services Co. MA raised its holdings in shares of Comcast by 6.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 135,451,128 shares of the cable giant’s stock valued at $4,628,365,000 after acquiring an additional 8,022,739 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after acquiring an additional 432,491 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock valued at $1,968,535,000 after acquiring an additional 567,282 shares in the last quarter. Capital International Investors raised its holdings in shares of Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of 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 valued at $1,357,097,000 after acquiring an additional 892,457 shares in the last quarter. Hedge funds and other institutional investors own 82.08% of the company’s stock.
Get Comcast alerts:In other news, EVP Arthur R. Block sold 6,358 shares of the stock in a transaction on Tuesday, March 27th. The stock was sold at an average price of $33.69, for a total value of $214,201.02. Following the sale, the executive vice president now directly owns 72,758 shares of the company’s stock, valued at $2,451,217.02. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $33.20, for a total value of $30,411.20. Following the completion of the sale, 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 three months, insiders sold 1,210,111 shares of company stock worth $44,299,007. Insiders own 1.28% of the company’s stock.
A number of equities analysts recently commented on the company. KeyCorp assumed coverage on Comcast in a report on Wednesday, May 16th. They set a “buy” rating and a $38.00 target price for the company. They noted that the move was a valuation call. Macquarie restated a “hold” rating and set a $38.00 target price on shares of Comcast in a report on Sunday, April 29th. Atlantic Securities downgraded Comcast from an “overweight” rating to a “neutral” rating in a report on Tuesday, May 8th. ValuEngine downgraded Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, TD Securities decreased their target price on Comcast from $51.00 to $50.00 and set a “buy” rating for the company in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $46.23.
Shares of CMCSA stock opened at $31.88 on Thursday. The firm has a market capitalization of $150.99 billion, a P/E ratio of 15.48, a PEG ratio of 1.20 and a beta of 1.19. Comcast has a twelve month low of $30.43 and a twelve month high of $44.00. 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 earnings results on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The firm had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.74 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. equities analysts anticipate that Comcast will post 2.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.38%. 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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