Greenwood Capital Associates LLC held its position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,678 shares of the cable giant’s stock at the end of the fourth quarter. Greenwood Capital Associates LLC’s holdings in Comcast were worth $2,533,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Comcast by 2.9% in the fourth quarter. State Street Corp now owns 100,948,990 shares of the cable giant’s stock valued at $6,971,605,000 after buying an additional 2,822,279 shares in the last quarter. FMR LLC boosted its position in shares of Comcast by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock valued at $3,433,960,000 after buying an additional 6,973,366 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Comcast by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock valued at $2,905,165,000 after buying an additional 7,652,797 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Comcast by 2.2% in the third quarter. BlackRock Fund Advisors now owns 29,548,148 shares of the cable giant’s stock valued at $1,960,224,000 after buying an additional 646,869 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Comcast by 1.2% in the third quarter. Morgan Stanley now owns 14,694,477 shares of the cable giant’s stock valued at $974,830,000 after buying an additional 172,512 shares in the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at 37.48 on Tuesday. Comcast Co. has a 52-week low of $29.34 and a 52-week high of $38.44. The company has a market cap of $177.74 billion, a price-to-earnings ratio of 21.00 and a beta of 1.07. The firm has a 50 day moving average price of $37.60 and a 200-day moving average price of $34.72.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The firm earned $21 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post $1.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be issued a $0.1575 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 30.81%.
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CMCSA has been the subject of a number of research analyst reports. Oppenheimer Holdings Inc. boosted their price target on Comcast from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Jefferies Group LLC boosted their price target on Comcast from $38.50 to $40.00 and gave the stock a “buy” rating in a report on Monday, December 19th. HSBC Holdings plc initiated coverage on Comcast in a report on Thursday, January 19th. They set a “buy” rating and a $41.50 price target for the company. Pivotal Research boosted their price target on Comcast to $47.50 and gave the stock a “buy” rating in a report on Thursday, January 26th. Finally, Telsey Advisory Group boosted their price target on Comcast from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, January 24th. One research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average price target of $39.88.
In related news, EVP Arthur R. Block sold 1,680 shares of Comcast stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $70.80, for a total transaction of $118,944.00. Following the completion of the sale, the executive vice president now owns 47,853 shares of the company’s stock, valued at $3,387,992.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil Smit sold 133,314 shares of Comcast stock in a transaction on Monday, January 30th. The shares were sold at an average price of $75.31, for a total value of $10,039,877.34. Following the sale, the executive vice president now directly owns 191,837 shares of the company’s stock, valued at approximately $14,447,244.47. The disclosure for this sale can be found here. Insiders have sold 239,152 shares of company stock valued at $16,773,898 in the last three months. 1.27% of the stock is owned by corporate insiders.
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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