CIBC Asset Management Inc boosted its position in Comcast Co. (NASDAQ:CMCSA) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 604,616 shares of the cable giant’s stock after purchasing an additional 1,796 shares during the period. CIBC Asset Management Inc’s holdings in Comcast were worth $24,215,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Beach Investment Management LLC. acquired a new position in shares of Comcast in the 2nd quarter valued at $371,000. Pictet & Cie Europe SA boosted its holdings in shares of Comcast by 29.6% in the 2nd quarter. Pictet & Cie Europe SA now owns 25,036 shares of the cable giant’s stock valued at $974,000 after purchasing an additional 5,723 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Comcast by 3.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 4,520 shares of the cable giant’s stock valued at $176,000 after purchasing an additional 146 shares during the last quarter. Banque Pictet & Cie SA boosted its holdings in shares of Comcast by 0.8% in the 2nd quarter. Banque Pictet & Cie SA now owns 279,615 shares of the cable giant’s stock valued at $10,883,000 after purchasing an additional 2,175 shares during the last quarter. Finally, Hosking Partners LLP boosted its holdings in shares of Comcast by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 1,099,419 shares of the cable giant’s stock valued at $42,789,000 after purchasing an additional 17,662 shares during the last quarter. 83.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $37.13 on Monday. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The stock has a market cap of $172,450.55, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.16. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
The business 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 $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend 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 13.21%.
In other news, EVP David N. Watson sold 131,447 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total value of $4,835,935.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold a total of 915,605 shares of company stock valued at $35,906,374 in the last three months. Insiders own 1.28% of the company’s stock.
Several equities analysts recently weighed in on CMCSA shares. Pivotal Research restated a “buy” rating and set a $113.00 target price on shares of Comcast in a report on Wednesday, February 28th. Macquarie lowered shares of Comcast from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Guggenheim lifted their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, SunTrust Banks lifted their target price on shares of Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $50.39.
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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