BlackRock Inc. Has $10.91 Billion Stake in Comcast Co. (CMCSA)

BlackRock Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 320,375,109 shares of the cable giant’s stock after purchasing an additional 1,855,378 shares during the quarter. Comcast accounts for 0.6% of BlackRock Inc.’s holdings, making the stock its 27th biggest holding. BlackRock Inc. owned approximately 6.90% of Comcast worth $10,908,773,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lourd Capital LLC raised its position in Comcast by 2.4% in the fourth quarter. Lourd Capital LLC now owns 12,842 shares of the cable giant’s stock valued at $437,000 after purchasing an additional 295 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Comcast by 2.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock valued at $414,000 after purchasing an additional 296 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in Comcast by 4.8% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,542 shares of the cable giant’s stock valued at $223,000 after purchasing an additional 300 shares during the last quarter. Stillwater Investment Management LLC raised its position in Comcast by 0.5% in the fourth quarter. Stillwater Investment Management LLC now owns 66,561 shares of the cable giant’s stock valued at $2,266,000 after purchasing an additional 330 shares during the last quarter. Finally, Aries Wealth Management raised its position in Comcast by 2.3% in the fourth quarter. Aries Wealth Management now owns 14,725 shares of the cable giant’s stock valued at $501,000 after purchasing an additional 330 shares during the last quarter. 80.18% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on CMCSA. BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Thursday, December 13th. Credit Suisse Group restated a “buy” rating and set a $44.00 price objective on shares of Comcast in a research report on Tuesday, January 22nd. TD Securities raised their price objective on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. Macquarie restated a “hold” rating and set a $39.00 price objective on shares of Comcast in a research report on Monday, December 24th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $43.76.

NASDAQ CMCSA opened at $40.47 on Friday. Comcast Co. has a one year low of $30.43 and a one year high of $40.52. The company has a market cap of $187.96 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48.

Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The firm’s revenue was up 26.1% on a year-over-year basis. As a group, research analysts predict 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 paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is 29.80%.

In other Comcast news, EVP David N. Watson sold 201,007 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.31, for a total value of $7,700,578.17. Following the completion of the sale, the executive vice president now owns 817,992 shares of the company’s stock, valued at $31,337,273.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel C. Murdock sold 845 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the completion of the sale, the senior vice president now directly owns 1,005 shares of the company’s stock, valued at approximately $35,727.75. The disclosure for this sale can be found here. Insiders sold 912,661 shares of company stock valued at $34,195,979 in the last three months. Insiders own 1.31% of the company’s stock.

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About Comcast

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.

Further Reading: SEC Filing

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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