AustralianSuper Pty Ltd lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,023,648 shares of the cable giant's stock after acquiring an additional 316,320 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.05% of Comcast worth $75,948,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Wilmington Savings Fund Society FSB boosted its stake in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the period. FMR LLC boosted its stake in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Public Sector Pension Investment Board boosted its stake in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant's stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the period. National Bank of Canada FI boosted its stake in Comcast by 31.7% in the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant's stock valued at $318,036,000 after purchasing an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. 84.32% of the stock is currently owned by institutional investors.
In related news, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.
Shares of CMCSA opened at $35.39 on Friday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The business has a 50-day simple moving average of $37.08 and a two-hundred day simple moving average of $39.76. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $133.81 billion, a PE ratio of 8.53, a PEG ratio of 1.69 and a beta of 1.00.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. Comcast's dividend payout ratio is presently 31.81%.
Several analysts recently issued reports on the company. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the company from $50.00 to $38.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Barclays cut their target price on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $44.13.
Check Out Our Latest Report on Comcast
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.