First Fiduciary Investment Counsel Inc. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 312,835 shares of the cable giant’s stock after acquiring an additional 4,560 shares during the quarter. Comcast accounts for 2.2% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 23rd largest position. First Fiduciary Investment Counsel Inc.’s holdings in Comcast were worth $10,652,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in CMCSA. Capital International Investors increased its position in shares of Comcast by 363.4% in the third quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock valued at $4,343,930,000 after buying an additional 96,201,446 shares in the last quarter. FMR LLC increased its position in shares of Comcast by 10.2% in the third quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock valued at $4,366,565,000 after buying an additional 11,459,543 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Comcast by 17.6% in the third quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock valued at $1,298,992,000 after buying an additional 5,499,850 shares in the last quarter. BlackRock Inc. increased its position in shares of Comcast by 1.0% in the third quarter. BlackRock Inc. now owns 318,519,731 shares of the cable giant’s stock valued at $11,278,785,000 after buying an additional 3,046,799 shares in the last quarter. Finally, Findlay Park Partners LLP increased its position in shares of Comcast by 41.5% in the third quarter. Findlay Park Partners LLP now owns 9,203,457 shares of the cable giant’s stock valued at $325,894,000 after buying an additional 2,700,000 shares in the last quarter. Institutional investors own 79.92% of the company’s stock.
Shares of Comcast stock opened at $37.79 on Thursday. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $39.84. The firm has a market capitalization of $174.40 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $27.56 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s quarterly revenue was up 26.1% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 2.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. Comcast’s payout ratio is currently 29.80%.
In other Comcast news, EVP Arthur R. Block sold 5,743 shares of the company’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $36.41, for a total transaction of $209,102.63. Following the sale, the executive vice president now owns 73,630 shares in the company, valued at approximately $2,680,868.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David L. Cohen sold 275,746 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $37.01, for a total value of $10,205,359.46. Following the sale, the executive vice president now owns 650,656 shares in the company, valued at approximately $24,080,778.56. The disclosure for this sale can be found here. Insiders sold a total of 555,002 shares of company stock worth $20,559,937 in the last quarter. Company insiders own 1.31% of the company’s stock.
A number of brokerages have recently issued reports on CMCSA. BidaskClub lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. began coverage on Comcast in a research note on Wednesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. They noted that the move was a valuation call. Macquarie reaffirmed a “hold” rating and issued a $39.00 price target on shares of Comcast in a research note on Monday, December 24th. Citigroup began coverage on Comcast in a research note on Wednesday, October 24th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, TD Securities boosted their price objective on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $43.76.
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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, 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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