Comcast Co. (CMCSA) Position Lowered by Hirtle Callaghan & Co LLC

Hirtle Callaghan & Co LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,000 shares of the cable giant’s stock after selling 1,246 shares during the quarter. Hirtle Callaghan & Co LLC’s holdings in Comcast were worth $961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 8,677,771 shares during the period. Dimensional Fund Advisors LP raised its position in Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after acquiring an additional 432,491 shares during the last quarter. Capital International Investors raised its position in Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after acquiring an additional 6,467,802 shares during the last quarter. Veritas Asset Management LLP raised its position in Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after acquiring an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after acquiring an additional 1,839,436 shares during the last quarter. Hedge funds and other institutional investors own 82.52% of the company’s stock.

In related news, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the business’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 transaction of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 784,158 shares of company stock valued at $31,070,439. Insiders own 1.28% of the company’s stock.

CMCSA has been the subject of a number of research reports. Morgan Stanley lifted their target price on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Pivotal Research lifted their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and lifted their target price for the stock from $42.60 to $51.00 in a research report on Friday, January 12th. Barclays cut their target price on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Finally, Wells Fargo & Co restated a “buy” rating and set a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $47.74.

Shares of Comcast Co. (NASDAQ CMCSA) opened at $39.79 on Friday. The company has a market cap of $184,810.00, a PE ratio of 18.95, a PEG ratio of 1.53 and a beta of 1.04. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. research analysts predict that Comcast Co. will post 2.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.91%. Comcast’s payout ratio is 30.00%.

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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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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