Semmax Financial Advisors Inc. acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,425 shares of the cable giant’s stock, valued at approximately $321,000.
Other institutional investors also recently modified their holdings of the company. Capital International Investors grew its holdings in shares of Comcast by 363.4% in the third quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock valued at $4,343,930,000 after acquiring an additional 96,201,446 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Comcast by 6,558.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,520,863 shares of the cable giant’s stock valued at $984,000 after acquiring an additional 33,017,459 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Comcast by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after acquiring an additional 5,992,911 shares in the last quarter. Sound Shore Management Inc. CT bought a new position in shares of Comcast in the fourth quarter valued at approximately $151,101,000. Finally, Mackenzie Financial Corp grew its holdings in shares of Comcast by 32.3% in the third quarter. Mackenzie Financial Corp now owns 10,402,972 shares of the cable giant’s stock valued at $368,369,000 after acquiring an additional 2,537,084 shares in the last quarter. 81.14% of the stock is owned by hedge funds and other institutional investors.
In other Comcast news, EVP David N. Watson sold 201,007 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the sale, the executive vice president now owns 817,992 shares in the company, valued at $31,337,273.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 845 shares of the firm’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the sale, the senior vice president now owns 1,005 shares in the company, valued at approximately $35,727.75. The disclosure for this sale can be found here. Insiders sold 1,284,720 shares of company stock worth $49,080,076 in the last quarter. 1.31% of the stock is currently owned by company insiders.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The company had revenue of $27.85 billion for the quarter, compared to the consensus estimate of $27.56 billion. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that Comcast Co. will post 2.76 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is 32.94%.
Several equities analysts have weighed in on the company. Royal Bank of Canada lowered Comcast from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $45.00 to $42.00 in a report on Friday, March 29th. BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a report on Monday, February 25th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. TD Securities increased their price objective on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Finally, Credit Suisse Group reissued a “buy” rating and set a $44.00 price objective on shares of Comcast in a report on Tuesday, January 22nd. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Comcast currently has an average rating of “Buy” and an average target price of $43.75.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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