Ingalls & Snyder LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,001 shares of the cable giant’s stock after buying an additional 6,050 shares during the quarter. Ingalls & Snyder LLC’s holdings in Comcast were worth $2,383,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the business. United Bank raised its position in shares of Comcast by 58.4% in the 2nd quarter. United Bank now owns 14,614 shares of the cable giant’s stock worth $618,000 after acquiring an additional 5,388 shares in the last quarter. Smith Asset Management Group LP bought a new position in shares of Comcast in the 2nd quarter worth about $29,080,000. Arjuna Capital grew its stake in shares of Comcast by 14.1% in the 2nd quarter. Arjuna Capital now owns 30,197 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 3,723 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Comcast by 0.8% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 36,744,726 shares of the cable giant’s stock valued at $1,553,567,000 after buying an additional 294,244 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of Comcast by 3.4% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 272,094 shares of the cable giant’s stock valued at $11,505,000 after buying an additional 8,984 shares during the period. 82.54% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on CMCSA. TD Securities cut their price target on Comcast from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Rosenblatt Securities restated a “buy” rating and issued a $52.00 target price on shares of Comcast in a research note on Wednesday. BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Benchmark initiated coverage on Comcast in a research note on Wednesday, September 25th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Citigroup boosted their target price on Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.48.
Shares of CMCSA stock opened at $46.28 on Thursday. The company’s fifty day simple moving average is $44.41 and its two-hundred day simple moving average is $44.44. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.86. Comcast Co. has a 1 year low of $34.67 and a 1 year high of $47.27. The stock has a market capitalization of $209.40 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.15 and a beta of 1.05.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $26.83 billion during the quarter, compared to analyst estimates of $26.77 billion. Comcast had a net margin of 11.45% and a return on equity of 17.97%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. Equities research analysts anticipate that Comcast Co. will post 3.1 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.21 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 annualized dividend and a yield of 1.82%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
In related news, EVP David N. Watson sold 78,100 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $43.67, for a total value of $3,410,627.00. Following the completion of the transaction, the executive vice president now directly owns 564,424 shares in the company, valued at $24,648,396.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 508,248 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the sale, the chief executive officer now owns 4,108,522 shares of the company’s stock, valued at $184,801,319.56. The disclosure for this sale can be found here. Insiders sold 591,948 shares of company stock valued at $26,526,254 over the last quarter. 1.35% of the stock is owned by company insiders.
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.
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