Oak Point Wealth Management purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,530 shares of the cable giant’s stock, valued at approximately $223,000.
A number of other hedge funds also recently bought and sold shares of CMCSA. Janus Henderson Group PLC grew its position in Comcast by 1,581.1% in the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares during the last quarter. Vanguard Group Inc. grew its position in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares during the last quarter. Capital International Investors grew its position in Comcast by 23.3% in 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 during the last quarter. UBS Asset Management Americas Inc. grew its position in Comcast by 38.4% in the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after acquiring an additional 5,108,525 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Comcast by 40.2% in the second quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after acquiring an additional 3,513,006 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock worth $31,070,439 over the last quarter. 1.28% of the stock is currently owned by company insiders.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. research analysts anticipate that Comcast Co. will post 2.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.97%. Comcast’s dividend payout ratio is presently 13.21%.
A number of research firms have issued reports on CMCSA. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global cut Comcast to a “positive” rating in a research report on Monday, October 30th. Guggenheim lifted their target price on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Evercore ISI reiterated an “outperform” rating and issued a $48.00 target price (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Finally, Bank of America lifted their target price on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $47.74.
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Comcast 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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