Glenmede Trust Co. NA reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 47.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,577,365 shares of the cable giant’s stock after selling 1,443,455 shares during the period. Glenmede Trust Co. NA’s holdings in Comcast were worth $55,853,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in CMCSA. BlackRock Inc. lifted its position in shares of Comcast by 1.0% in the 3rd quarter. BlackRock Inc. now owns 318,519,731 shares of the cable giant’s stock worth $11,278,785,000 after acquiring an additional 3,046,799 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Comcast by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 150,105,437 shares of the cable giant’s stock worth $5,315,234,000 after acquiring an additional 1,830,315 shares during the period. Dodge & Cox lifted its position in shares of Comcast by 0.4% in the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock worth $4,692,759,000 after acquiring an additional 509,730 shares during the period. FMR LLC lifted its position in shares of Comcast by 10.2% in the 3rd quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after acquiring an additional 11,459,543 shares during the period. Finally, Capital International Investors lifted its position in shares of Comcast by 363.4% in the 3rd quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after acquiring an additional 96,201,446 shares during the period. 79.94% of the stock is owned by hedge funds and other institutional investors.
NASDAQ CMCSA opened at $35.65 on Wednesday. The firm has a market capitalization of $168.18 billion, a PE ratio of 17.31, a PEG ratio of 1.14 and a beta of 0.92. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a yield of 2.13%. Comcast’s dividend payout ratio is presently 36.89%.
Several equities analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Comcast in a research report on Friday, October 12th. They set an “overweight” rating and a $42.00 target price for the company. ValuEngine upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. Pivotal Research cut their target price on Comcast from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 2nd. UBS Group downgraded Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, September 24th. Finally, KeyCorp raised their target price on Comcast from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 26th. Ten investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.61.
In other Comcast news, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 7,636 shares of Comcast stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $37.04, for a total value of $282,837.44. Following the transaction, the director now owns 33,603 shares in the company, valued at $1,244,655.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,166 shares of company stock worth $550,500. Corporate insiders own 1.31% of the company’s stock.
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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, 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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