Wrapmanager Inc. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 70,774 shares of the cable giant’s stock after selling 1,408 shares during the quarter. Comcast makes up about 0.9% of Wrapmanager Inc.’s investment portfolio, making the stock its 20th largest holding. Wrapmanager Inc.’s holdings in Comcast were worth $2,834,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Comcast by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after buying an additional 432,491 shares in the last quarter. Capital International Investors increased its position in Comcast by 23.3% during the 3rd 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 in the last quarter. Veritas Asset Management LLP increased its position in Comcast by 3.7% during the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after buying an additional 1,189,200 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Comcast by 6.0% during the 2nd quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after buying an additional 1,839,436 shares in the last quarter. Institutional investors own 83.59% of the company’s stock.
In other news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 915,605 shares of company stock worth $35,906,374 over the last 90 days. Company insiders own 1.28% of the company’s stock.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. sell-side analysts predict that Comcast Co. will post 2.52 EPS for the current fiscal year.
The firm also recently disclosed 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. This represents a $0.76 annualized dividend and a dividend yield of 2.05%. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is presently 30.00%.
CMCSA has been the subject of a number of research analyst reports. Macquarie reissued a “buy” rating and issued a $40.00 target price on shares of Comcast in a report on Thursday, December 7th. Pivotal Research reissued a “buy” rating and issued a $52.00 target price on shares of Comcast in a report on Wednesday, January 24th. Nomura reissued a “neutral” rating and issued a $42.00 target price (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Instinet lowered Comcast from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $42.00 to $45.00 in a report on Thursday, January 18th. Finally, SunTrust Banks lifted their target price on Comcast to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.39.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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