Rathbone Brothers plc boosted its position in Comcast Co. (NASDAQ:CMCSA) by 117.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 65,211 shares of the cable giant’s stock after purchasing an additional 35,155 shares during the period. Rathbone Brothers plc’s holdings in Comcast were worth $2,309,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of CMCSA. Massachusetts Financial Services Co. MA lifted its stake in shares of Comcast by 9.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock valued at $4,864,907,000 after buying an additional 12,823,994 shares in the last quarter. FMR LLC lifted its stake in shares of Comcast by 7.5% during the 2nd quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after buying an additional 7,812,415 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Comcast by 108.8% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock valued at $1,158,311,000 after buying an additional 17,663,290 shares in the last quarter. Boston Partners lifted its stake in shares of Comcast by 23.7% during the 2nd quarter. Boston Partners now owns 22,787,062 shares of the cable giant’s stock valued at $747,643,000 after buying an additional 4,358,705 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Comcast by 6.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,722,508 shares of the cable giant’s stock valued at $647,096,000 after buying an additional 1,125,430 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.
CMCSA has been the topic of a number of recent research reports. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. JPMorgan Chase & Co. initiated coverage on shares of Comcast in a research note on Friday. They set an “overweight” rating on the stock. UBS Group cut shares of Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Moffett Nathanson restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research note on Monday, September 24th. Finally, KeyCorp upped their target price on shares of Comcast from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nineteen have issued a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and an average price target of $44.96.
In other news, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is owned by corporate insiders.
Comcast stock opened at $34.62 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $164.46 billion, a P/E ratio of 16.81, a PEG ratio of 1.12 and a beta of 1.19. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. Research analysts expect that Comcast Co. will post 2.53 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s payout ratio is 36.89%.
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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