Deltec Asset Management LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,768 shares of the cable giant’s stock after selling 28,832 shares during the quarter. Comcast comprises approximately 3.7% of Deltec Asset Management LLC’s portfolio, making the stock its 2nd biggest position. Deltec Asset Management LLC’s holdings in Comcast were worth $18,053,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after purchasing an additional 432,491 shares during the period. Capital International Investors lifted its holdings in shares of Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the period. Veritas Asset Management LLP lifted its holdings in shares of Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after purchasing an additional 1,189,200 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after purchasing an additional 1,839,436 shares during the period. 83.59% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on CMCSA shares. Morgan Stanley increased their price target on Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and increased their price target for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Wells Fargo & Co increased their price target on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Friday, November 17th. Finally, Buckingham Research increased their price target on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.39.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at $36.96 on Tuesday. Comcast Co. has a fifty-two week low of $34.78 and a fifty-two week high of $44.00. 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 price-to-earnings-growth ratio of 1.34 and a beta of 1.16.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter last year, the company earned $0.89 earnings per share. Comcast’s quarterly revenue was up 4.2% compared to the same quarter last year. equities research analysts expect that Comcast Co. will post 2.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.06%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is 13.21%.
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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