Pacer Advisors Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,832 shares of the cable giant’s stock after acquiring an additional 21,942 shares during the period. Comcast accounts for 0.7% of Pacer Advisors Inc.’s portfolio, making the stock its 15th largest position. Pacer Advisors Inc.’s holdings in Comcast were worth $7,497,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Clear Perspective Advisors LLC boosted its holdings in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new position in Comcast in the second quarter valued at about $107,000. First Bank & Trust lifted its stake in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Comcast in the second quarter valued at about $165,000. Finally, Shine Investment Advisory Services Inc. acquired a new position in Comcast in the second quarter valued at about $168,000. Institutional investors and hedge funds own 82.20% of the company’s stock.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $41.68 on Thursday. Comcast Co. has a 1 year low of $34.78 and a 1 year high of $42.71. The stock has a market capitalization of $195,457.11, a P/E ratio of 20.09, a P/E/G ratio of 1.83 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 30.36%.
Several equities analysts have weighed in on the company. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research note on Monday, October 30th. Evercore ISI reissued an “outperform” rating and issued a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $49.00 target price on shares of Comcast in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus target price of $46.15.
In related news, Chairman Brian L. Roberts sold 583,835 shares of Comcast 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 owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last three months, insiders sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by insiders.
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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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