Comcast Co. (NASDAQ:CMCSA) Shares Acquired by DNB Asset Management AS

DNB Asset Management AS grew its position in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 15.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,139,160 shares of the cable giant’s stock after acquiring an additional 153,670 shares during the period. DNB Asset Management AS’s holdings in Comcast were worth $39,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Comcast by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 405,068,330 shares of the cable giant’s stock valued at $11,880,654,000 after purchasing an additional 2,987,515 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Comcast by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,801,153 shares of the cable giant’s stock valued at $3,015,159,000 after buying an additional 1,232,157 shares during the last quarter. FMR LLC grew its position in shares of Comcast by 26.0% in the 2nd quarter. FMR LLC now owns 98,277,592 shares of the cable giant’s stock valued at $3,856,414,000 after buying an additional 20,251,251 shares during the last quarter. Dodge & Cox grew its position in shares of Comcast by 0.4% in the 2nd quarter. Dodge & Cox now owns 85,157,816 shares of the cable giant’s stock valued at $3,341,593,000 after buying an additional 375,326 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Comcast by 0.5% in the 2nd quarter. Northern Trust Corp now owns 50,045,135 shares of the cable giant’s stock valued at $1,963,772,000 after buying an additional 262,241 shares during the last quarter. 82.23% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.21 during midday trading on Friday, hitting $36.03. The company had a trading volume of 51,723,725 shares, compared to its average volume of 17,702,700. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.20. Comcast Co. has a twelve month low of $28.39 and a twelve month high of $48.42. The business has a 50-day simple moving average of $38.18 and a two-hundred day simple moving average of $35.10. The firm has a market capitalization of $151.90 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Comcast had a net margin of 4.42% and a return on equity of 18.40%. The firm had revenue of $30.55 billion during the quarter, compared to analysts’ expectations of $30.36 billion. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 3.64 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be paid a $0.29 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. Comcast’s dividend payout ratio (DPR) is 90.76%.

Analysts Set New Price Targets

A number of research analysts recently commented on CMCSA shares. StockNews.com began coverage on shares of Comcast in a research report on Thursday. They issued a “buy” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of Comcast from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, January 27th. Barclays raised their price objective on shares of Comcast from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 2nd. Truist Financial raised shares of Comcast from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Thursday, January 5th. Finally, Pivotal Research raised their price objective on shares of Comcast from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.29.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 37,176 shares of Comcast stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $2.03, for a total transaction of $75,467.28. Following the completion of the transaction, the insider now owns 19,507,693 shares in the company, valued at $39,600,616.79. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 7,527,791 shares of company stock worth $19,025,007. Insiders own 1.11% of the company’s stock.

Comcast Profile

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.