Icon Wealth Partners LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 25,298 shares of the cable giant’s stock, valued at approximately $1,013,000.
A number of other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of Comcast by 1,581.1% in the second 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. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Comcast in the fourth quarter valued at $650,219,000. Mackenzie Financial Corp raised its stake in shares of Comcast by 7,838.2% in the fourth quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after buying an additional 10,560,249 shares during the period. Capital International Investors raised its stake in shares of Comcast by 23.3% in the third 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. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Comcast by 42.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 17,074,529 shares of the cable giant’s stock valued at $683,835,000 after buying an additional 5,100,430 shares during the period. Institutional investors and hedge funds own 83.49% of the company’s stock.
In related news, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now directly owns 1,214,811 shares in the company, valued at $51,641,615.61. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 10,870 shares of the business’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $33.49, for a total value of $364,036.30. Following the transaction, the executive vice president now owns 85,418 shares of the company’s stock, valued at $2,860,648.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,399,951 shares of company stock valued at $52,377,633. 1.28% of the stock is owned by company insiders.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. equities research analysts predict that Comcast Co. will post 2.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.23%. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is presently 36.89%.
CMCSA has been the topic of several research reports. Pivotal Research restated a “buy” rating and issued a $113.00 target price on shares of Comcast in a research note on Wednesday, February 28th. UBS lowered their target price on Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 22nd. Scotiabank set a $52.00 target price on Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. Evercore ISI restated an “outperform” rating and issued a $48.00 target price (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Finally, Buckingham Research lifted their price target on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.16.
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.
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