Forward Management LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 58,657 shares of the cable giant’s stock after selling 1,944 shares during the quarter. Forward Management LLC’s holdings in Comcast were worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in Comcast by 1,581.1% in the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. boosted its stake in Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. Capital International Investors boosted its stake in Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Comcast by 38.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after buying an additional 5,108,525 shares in the last quarter. Finally, Rockefeller Financial Services Inc. boosted its stake in Comcast by 4,476.3% in the 4th quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock valued at $206,314,000 after buying an additional 5,038,817 shares in the last quarter. 82.59% of the stock is currently owned by institutional investors.
Several brokerages recently commented on CMCSA. Pivotal Research reaffirmed a “buy” rating and issued a $52.00 price target on shares of Comcast in a research note on Wednesday, January 24th. Bank of America boosted their price target on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. TD Securities boosted their price target on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Wells Fargo & Co boosted their price target on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.39.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. research analysts forecast that Comcast Co. will post 2.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.05%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is presently 30.00%.
In other news, EVP David N. Watson sold 131,447 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total transaction of $4,835,935.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 915,605 shares of company stock valued at $35,906,374. 1.28% of the stock is currently owned by corporate 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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