Comcast Co. (NASDAQ:CMCSA) Position Raised by Markel Corp

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Markel Corp increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 440,000 shares of the cable giant’s stock after acquiring an additional 41,000 shares during the quarter. Markel Corp’s holdings in Comcast were worth $17,591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Acima Private Wealth LLC bought a new position in shares of Comcast during the fourth quarter valued at about $25,000. Clean Yield Group bought a new position in shares of Comcast during the first quarter valued at about $25,000. Mackey Komara & Dankovich LLC bought a new position in shares of Comcast during the first quarter valued at about $27,000. Litman Gregory Asset Management LLC bought a new position in shares of Comcast during the fourth quarter valued at about $30,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Comcast during the fourth quarter valued at about $46,000. 82.63% of the stock is currently owned by institutional investors and hedge funds.

Comcast stock opened at $41.69 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The stock has a market cap of $188.12 billion, a PE ratio of 16.35, a PEG ratio of 1.16 and a beta of 1.12. Comcast Co. has a 1-year low of $32.08 and a 1-year high of $43.96.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The company had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. During the same period in the prior year, the business posted $0.66 earnings per share. Comcast’s revenue for the quarter was up 17.8% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 3.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 2.01%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.

In other Comcast news, EVP Arthur R. Block sold 13,765 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $39.43, for a total value of $542,753.95. Following the completion of the sale, the executive vice president now directly owns 68,878 shares in the company, valued at $2,715,859.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Daniel C. Murdock sold 919 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.36, for a total transaction of $37,090.84. Following the completion of the sale, the chief accounting officer now owns 3,453 shares of the company’s stock, valued at $139,363.08. The disclosure for this sale can be found here. Insiders sold 849,537 shares of company stock valued at $35,489,480 over the last 90 days. 1.35% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on the company. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective on the stock in a research note on Thursday, May 30th. BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Nomura increased their target price on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Macquarie upgraded shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a report on Tuesday, April 9th. Finally, Royal Bank of Canada lowered shares of Comcast from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $45.00 to $42.00 in a report on Friday, March 29th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average price target of $44.72.

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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, 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.

See Also: Trading based on a resistance level

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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