First Trust Advisors LP Has $16.34 Million Stake in Comcast Co. (CMCSA)

First Trust Advisors LP lessened its position in Comcast Co. (NASDAQ:CMCSA) by 15.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,981 shares of the cable giant’s stock after selling 71,818 shares during the period. First Trust Advisors LP’s holdings in Comcast were worth $16,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after buying an additional 26,522,368 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares during the period. Capital International Investors boosted its holdings in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after buying an additional 5,108,525 shares during the period. Finally, Rockefeller Financial Services Inc. boosted its holdings in shares of Comcast by 4,476.3% during the 4th quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock worth $206,314,000 after buying an additional 5,038,817 shares during the period. 83.44% of the stock is owned by institutional investors.

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Several brokerages recently commented on CMCSA. Guggenheim lifted their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Evercore ISI reissued an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Bank of America boosted their price objective on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. BidaskClub downgraded shares of Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Barclays set a $43.00 price objective on shares of Comcast and gave the company a “buy” rating in a report on Tuesday, January 23rd. 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 company. Comcast presently has a consensus rating of “Buy” and an average price target of $50.25.

In related news, EVP Arthur R. Block sold 6,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $34.84, for a total transaction of $233,428.00. Following the completion of the transaction, the executive vice president now directly owns 62,988 shares in the company, valued at approximately $2,194,501.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold a total of 1,386,660 shares of company stock valued at $51,959,317 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

Comcast Co. (NASDAQ:CMCSA) opened at $33.17 on Monday. The company has a market cap of $154,058.28, a P/E ratio of 6.95, a PEG ratio of 1.20 and a beta of 1.16. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 12-month low of $33.15 and a 12-month high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. sell-side analysts predict that Comcast Co. will post 2.52 earnings per share for the current fiscal 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 $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.29%. Comcast’s payout ratio is presently 13.21%.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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