Mawer Investment Management Ltd. Raises Holdings in Comcast (CMCSA)

Mawer Investment Management Ltd. grew its position in shares of Comcast (NASDAQ:CMCSA) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,179,142 shares of the cable giant’s stock after purchasing an additional 312,708 shares during the quarter. Comcast makes up about 1.5% of Mawer Investment Management Ltd.’s holdings, making the stock its 27th largest position. Mawer Investment Management Ltd. owned 0.11% of Comcast worth $176,838,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Comcast by 12.7% during the third quarter. Pacer Advisors Inc. now owns 194,832 shares of the cable giant’s stock worth $7,497,000 after buying an additional 21,942 shares during the last quarter. Geneva Partners LLC purchased a new position in shares of Comcast during the third quarter worth about $228,000. Willingdon Wealth Management purchased a new position in shares of Comcast during the third quarter worth about $133,000. Findlay Park Partners LLP grew its holdings in shares of Comcast by 3.3% during the third quarter. Findlay Park Partners LLP now owns 9,224,323 shares of the cable giant’s stock worth $354,952,000 after buying an additional 293,677 shares during the last quarter. Finally, Renaissance Group LLC grew its holdings in shares of Comcast by 1,279.2% during the third quarter. Renaissance Group LLC now owns 858,723 shares of the cable giant’s stock worth $33,044,000 after buying an additional 796,461 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

CMCSA stock opened at $32.41 on Friday. Comcast has a 12-month low of $32.11 and a 12-month high of $32.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $151.18 billion, a PE ratio of 15.73, a P/E/G ratio of 1.20 and a beta of 1.19.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.74 billion. During the same period last year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts forecast that Comcast will post 2.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.34%. Comcast’s payout ratio is 36.89%.

In related news, EVP David N. Watson sold 131,447 shares of Comcast stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total transaction of $4,835,935.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $35.60, for a total value of $67,319.60. Following the transaction, the senior vice president now owns 2,585 shares of the company’s stock, valued at $92,026. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,210,111 shares of company stock valued at $44,299,007. Insiders own 1.28% of the company’s stock.

A number of equities analysts recently issued reports on CMCSA shares. Moffett Nathanson reissued a “buy” rating and set a $52.00 price target (up previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Pivotal Research reissued a “buy” rating and set a $113.00 price target on shares of Comcast in a report on Wednesday, February 28th. Guggenheim lifted their price objective on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks lifted their price objective on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, TD Securities lifted their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus target price of $46.23.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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