Investec Asset Management LTD grew its position in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,384,832 shares of the cable giant’s stock after purchasing an additional 146,803 shares during the period. Comcast comprises approximately 1.7% of Investec Asset Management LTD’s holdings, making the stock its 10th biggest holding. Investec Asset Management LTD owned about 0.25% of Comcast worth $387,654,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Lourd Capital LLC raised its holdings in Comcast by 2.4% during the 4th quarter. Lourd Capital LLC now owns 12,842 shares of the cable giant’s stock worth $437,000 after purchasing an additional 295 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Comcast by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after purchasing an additional 296 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Comcast by 4.8% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,542 shares of the cable giant’s stock worth $223,000 after purchasing an additional 300 shares during the last quarter. Stillwater Investment Management LLC raised its holdings in Comcast by 0.5% during the 4th quarter. Stillwater Investment Management LLC now owns 66,561 shares of the cable giant’s stock worth $2,266,000 after purchasing an additional 330 shares during the last quarter. Finally, Aries Wealth Management raised its holdings in Comcast by 2.3% during the 4th quarter. Aries Wealth Management now owns 14,725 shares of the cable giant’s stock worth $501,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.
CMCSA stock opened at $39.87 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. The firm has a market cap of $183.74 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 1.19 and a beta of 1.10. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $39.95.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 EPS. As a group, equities analysts expect that Comcast Co. will post 2.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This is a boost from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.84 annualized dividend and a yield of 2.11%. Comcast’s dividend payout ratio (DPR) is presently 29.80%.
In other Comcast news, EVP Arthur R. Block sold 4,129 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $33.80, for a total transaction of $139,560.20. Following the transaction, the executive vice president now owns 67,912 shares in the company, valued at approximately $2,295,425.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 845 shares of the stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $35.55, for a total value of $30,039.75. Following the transaction, the senior vice president now owns 1,005 shares in the company, valued at approximately $35,727.75. The disclosure for this sale can be found here. Insiders have sold a total of 912,661 shares of company stock worth $34,195,979 in the last quarter. Company insiders own 1.31% of the company’s stock.
Several analysts have weighed in on CMCSA shares. BidaskClub raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 17th. Wolfe Research started coverage on Comcast in a report on Friday, December 7th. They set an “outperform” rating for the company. Macquarie reissued a “hold” rating and set a $39.00 price objective on shares of Comcast in a report on Monday, December 24th. Credit Suisse Group reissued a “buy” rating and set a $44.00 price objective on shares of Comcast in a report on Tuesday, January 22nd. Finally, TD Securities upped their price target on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. Nine investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $43.76.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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