Thornburg Investment Management Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,037,092 shares of the cable giant’s stock after acquiring an additional 34,458 shares during the period. Thornburg Investment Management Inc.’s holdings in Comcast were worth $72,133,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WP Advisors LLC purchased a new position in shares of Comcast during the 2nd quarter worth about $105,000. Prentiss Smith & Co. Inc. boosted its stake in shares of Comcast by 229.5% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the period. IMA Wealth Inc. purchased a new position in shares of Comcast during the 2nd quarter worth about $108,000. Acropolis Investment Management LLC purchased a new position in shares of Comcast during the 3rd quarter worth about $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Comcast during the 2nd quarter worth about $129,000. Institutional investors own 80.39% of the company’s stock.
NASDAQ:CMCSA opened at $38.34 on Friday. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $177.88 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The business had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Research analysts forecast that Comcast Co. will post 2.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 1.98%. Comcast’s dividend payout ratio is currently 36.89%.
Several research firms have issued reports on CMCSA. JPMorgan Chase & Co. began coverage on shares of Comcast in a research report on Friday, October 12th. They issued an “overweight” rating and a $42.00 price objective for the company. ValuEngine raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. UBS Group cut shares of Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. KeyCorp boosted their price objective on shares of Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, September 26th. Finally, Moffett Nathanson reissued a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, September 24th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $44.57.
In related news, EVP Arthur R. Block sold 6,448 shares of the business’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now owns 74,644 shares in the company, valued at approximately $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. Insiders own 1.31% of the company’s stock.
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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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