HighPoint Advisor Group LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,601 shares of the cable giant’s stock after purchasing an additional 23,786 shares during the period. HighPoint Advisor Group LLC’s holdings in Comcast were worth $2,913,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. BlackRock Inc. boosted its position in shares of Comcast by 0.6% in the fourth quarter. BlackRock Inc. now owns 320,375,109 shares of the cable giant’s stock valued at $10,908,773,000 after acquiring an additional 1,855,378 shares during the period. Dodge & Cox boosted its position in shares of Comcast by 0.4% in the third quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock valued at $4,692,759,000 after acquiring an additional 509,730 shares during the period. Geode Capital Management LLC boosted its position in shares of Comcast by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after acquiring an additional 5,992,911 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Comcast by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after acquiring an additional 326,417 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Comcast by 3.5% in the fourth quarter. Northern Trust Corp now owns 53,028,586 shares of the cable giant’s stock valued at $1,805,623,000 after acquiring an additional 1,816,774 shares during the period. Hedge funds and other institutional investors own 81.15% of the company’s stock.
A number of equities analysts have recently commented on the stock. Credit Suisse Group restated a “buy” rating and issued a $44.00 price objective on shares of Comcast in a research report on Tuesday, January 22nd. TD Securities raised their price objective on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Nomura raised their price objective on shares of Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Macquarie upgraded shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price objective for the company in a research report on Tuesday, April 9th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.45.
Shares of Comcast stock opened at $41.97 on Wednesday. Comcast Co. has a 1 year low of $30.43 and a 1 year high of $42.18. The company has a market cap of $194.05 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.17 and a beta of 1.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The business had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. During the same period in the previous year, the business posted $0.49 earnings per share. Comcast’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 2.84 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.00%. Comcast’s payout ratio is presently 32.94%.
In other news, SVP Daniel C. Murdock sold 845 shares of the business’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 in the company, valued at approximately $35,727.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David L. Cohen sold 275,746 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the completion of the sale, the executive vice president now owns 650,656 shares of the company’s stock, valued at $24,080,778.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,284,720 shares of company stock valued at $49,080,076. 1.31% of the stock is currently owned by company 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, 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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