Huntington National Bank trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 33.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 769,937 shares of the cable giant’s stock after selling 388,254 shares during the period. Huntington National Bank’s holdings in Comcast were worth $30,836,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of CMCSA. Janus Henderson Group PLC increased its position in Comcast by 1,581.1% in the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after buying an additional 26,522,368 shares during the period. Vanguard Group Inc. increased its position in Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares during the period. Capital International Investors increased its position in Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the period. UBS Asset Management Americas Inc. increased its position in Comcast by 38.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after buying an additional 5,108,525 shares during the period. Finally, Rockefeller Financial Services Inc. increased its position in Comcast by 4,476.3% in the 4th quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock worth $206,314,000 after buying an additional 5,038,817 shares during the period. 83.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Co. (CMCSA) opened at $36.96 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $172,450.55, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.16. Comcast Co. has a one year low of $34.78 and a one year high of $44.00.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.06%. Comcast’s payout ratio is currently 13.21%.
Several research analysts have commented on the company. Guggenheim lifted their price target on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Evercore ISI reissued an “outperform” rating and set a $48.00 price objective (up previously from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Bank of America lifted their price objective on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. Finally, Buckingham Research initiated coverage on Comcast in a report on Monday, November 20th. They set a “buy” rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and an average target price of $50.39.
In related news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction on 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 owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David N. Watson sold 131,447 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total value of $4,835,935.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 915,605 shares of company stock worth $35,906,374. 1.28% of the stock is owned by insiders.
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Comcast Company Profile
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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