NWI Management LP cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 12.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 825,000 shares of the cable giant’s stock after selling 120,000 shares during the period. Comcast comprises approximately 2.1% of NWI Management LP’s investment portfolio, making the stock its 13th biggest position. NWI Management LP’s holdings in Comcast were worth $29,213,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in shares of Comcast by 76.7% in the 2nd quarter. Alps Advisors Inc. now owns 27,363 shares of the cable giant’s stock valued at $1,096,000 after acquiring an additional 11,878 shares during the last quarter. Kovack Advisors Inc. bought a new position in shares of Comcast in the 2nd quarter valued at $343,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Comcast by 5.6% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,715,731 shares of the cable giant’s stock valued at $121,913,000 after acquiring an additional 197,926 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Comcast by 13.7% in the 2nd quarter. Integrated Investment Consultants LLC now owns 13,154 shares of the cable giant’s stock valued at $432,000 after acquiring an additional 1,584 shares during the last quarter. Finally, TCW Group Inc. lifted its stake in shares of Comcast by 0.9% in the 2nd quarter. TCW Group Inc. now owns 4,634,328 shares of the cable giant’s stock valued at $152,053,000 after acquiring an additional 42,958 shares during the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.
In related news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated 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 SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were 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 currently owned by company insiders.
Shares of CMCSA opened at $37.41 on Friday. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The stock has a market capitalization of $175.93 billion, a PE ratio of 18.16, a PEG ratio of 1.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $21.75 billion. On average, sell-side analysts forecast that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a yield of 2.03%. Comcast’s payout ratio is 36.89%.
A number of research analysts have recently commented on CMCSA shares. JPMorgan Chase & Co. assumed coverage on Comcast in a research note on Friday, October 12th. They issued an “overweight” rating and a $42.00 price target for the company. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. Pivotal Research decreased their price objective on Comcast from $48.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 2nd. UBS Group downgraded Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. Finally, KeyCorp increased their price objective on Comcast from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, September 26th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.61.
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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