Tocqueville Asset Management L.P. cut its stake in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,696 shares of the cable giant’s stock after selling 3,905 shares during the period. Tocqueville Asset Management L.P.’s holdings in Comcast were worth $6,717,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in Comcast by 10.2% during the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after buying an additional 11,459,543 shares during the last quarter. Bank of Montreal Can raised its position in Comcast by 43.9% during the 3rd quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after buying an additional 6,893,674 shares during the last quarter. Alliancebernstein L.P. raised its position in Comcast by 17.6% during the 3rd quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after buying an additional 5,499,850 shares during the last quarter. Natixis purchased a new position in Comcast during the 2nd quarter worth approximately $147,520,000. Finally, Canyon Capital Advisors LLC purchased a new position in Comcast during the 2nd quarter worth approximately $147,645,000. Institutional investors own 79.99% of the company’s stock.
A number of research firms have issued reports on CMCSA. Pivotal Research reissued a “buy” rating on shares of Comcast in a research report on Friday, August 10th. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Barclays began coverage on shares of Comcast in a research report on Tuesday, November 13th. They set an “overweight” rating and a $44.00 price target for the company. Oppenheimer reissued a “market perform” rating and set a $42.00 price target on shares of Comcast in a research report on Monday, September 24th. Finally, BidaskClub lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and a consensus target price of $44.61.
NASDAQ:CMCSA opened at $37.41 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. The company has a market cap of $175.93 billion, a PE ratio of 18.16, a PEG ratio of 1.19 and a beta of 0.92. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. Analysts expect that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Monday, December 31st. Comcast’s dividend payout ratio (DPR) is 36.89%.
In related news, EVP Arthur R. Block sold 6,448 shares of the business’s 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 completion of the sale, 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 SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the business’s 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 sale, the executive vice president now directly 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. 1.31% of the stock is owned by insiders.
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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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