American Century Companies Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 72.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,998,886 shares of the cable giant’s stock after selling 5,159,366 shares during the period. American Century Companies Inc.’s holdings in Comcast were worth $80,055,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of CMCSA. Janus Henderson Group PLC lifted its holdings in shares of 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 during the period. Vanguard Group Inc. lifted its holdings in shares of 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 during the period. Capital International Investors lifted its holdings in shares of 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 during the period. UBS Asset Management Americas Inc. increased 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 purchasing an additional 5,108,525 shares in the last quarter. Finally, Rockefeller Financial Services Inc. increased 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 purchasing an additional 5,038,817 shares in the last quarter. 83.59% of the stock is owned by institutional investors.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 915,605 shares of company stock worth $35,906,374 in the last 90 days. Insiders own 1.28% of the company’s stock.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for the quarter, compared to analysts’ expectations of $21.83 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. sell-side analysts forecast that Comcast Co. will post 2.52 EPS for the current fiscal year.
The firm also recently disclosed 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. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.06%. Comcast’s dividend payout ratio (DPR) is 30.00%.
Several equities analysts recently weighed in on the company. Nomura reaffirmed a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Scotiabank set a $52.00 price objective on Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. BidaskClub downgraded Comcast from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Pivotal Research reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Comcast in a research note on Wednesday, January 24th. Finally, TD Securities raised their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $50.39.
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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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