Boys Arnold & Co. Inc. increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,680 shares of the cable giant’s stock after purchasing an additional 1,470 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Comcast were worth $587,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in Comcast by 0.6% in the fourth quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after acquiring an additional 1,855,378 shares during the period. FMR LLC grew its stake in Comcast by 3.9% in the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after acquiring an additional 4,854,006 shares during the period. Geode Capital Management LLC grew its stake in 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 during the period. Dimensional Fund Advisors LP grew its stake in Comcast by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after acquiring an additional 326,417 shares during the period. Finally, Northern Trust Corp grew its stake in Comcast by 3.5% in the fourth quarter. Northern Trust Corp now owns 53,028,586 shares of the cable giant’s stock valued at $1,805,623,000 after acquiring an additional 1,816,774 shares during the period. 82.63% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently weighed in on the company. BidaskClub cut Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective for the company in a research report on Thursday, May 30th. TD Securities upped their price objective on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Raymond James upped their price objective on Comcast from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Barclays upped their price objective on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Comcast has an average rating of “Buy” and a consensus price target of $44.72.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. Equities research analysts predict that Comcast Co. will post 3.02 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.21 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 2.04%. Comcast’s dividend payout ratio is 32.94%.
In other news, EVP Arthur R. Block sold 1,967 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.23, for a total transaction of $79,132.41. Following the transaction, the executive vice president now owns 62,088 shares in the company, valued at $2,497,800.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Stephen B. Burke sold 457,633 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares in the company, valued at approximately $46,739,493.15. The disclosure for this sale can be found here. Insiders sold 849,537 shares of company stock worth $35,489,480 in the last 90 days. Corporate insiders own 1.35% of the company’s stock.
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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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