Ardevora Asset Management LLP boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 106.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 704,618 shares of the cable giant’s stock after buying an additional 362,609 shares during the period. Ardevora Asset Management LLP’s holdings in Comcast Corporation were worth $26,487,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Dodge & Cox acquired a new position in shares of Comcast Corporation during the fourth quarter worth about $2,643,845,000. Bank of New York Mellon Corp increased its position in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares during the period. Norges Bank acquired a new position in shares of Comcast Corporation during the fourth quarter worth about $1,487,203,000. Fisher Asset Management LLC increased its position in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 41.11 on Friday. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The firm has a market capitalization of $193.77 billion, a price-to-earnings ratio of 20.71 and a beta of 1.01. The firm has a 50-day moving average price of $39.47 and a 200-day moving average price of $38.77.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
Several equities research analysts have recently weighed in on CMCSA shares. Argus increased their price objective on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Wunderlich increased their price objective on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Pivotal Research reissued a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a report on Tuesday, June 27th. Finally, Bank of America Corporation increased their price objective on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Comcast Corporation has an average rating of “Buy” and an average price target of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
Comcast Corporation Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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