NEXT Financial Group Inc increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,072 shares of the cable giant’s stock after buying an additional 2,425 shares during the period. NEXT Financial Group Inc’s holdings in Comcast were worth $543,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. BlackRock Inc. lifted its position in Comcast by 2.7% during the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after buying an additional 8,635,296 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd acquired a new position in Comcast during the 2nd quarter worth about $305,744,000. California Public Employees Retirement System lifted its position in Comcast by 22.6% during the 3rd quarter. California Public Employees Retirement System now owns 13,191,720 shares of the cable giant’s stock worth $594,683,000 after buying an additional 2,430,859 shares in the last quarter. Alleghany Corp DE lifted its position in Comcast by 61.6% during the 3rd quarter. Alleghany Corp DE now owns 3,054,871 shares of the cable giant’s stock valued at $137,714,000 after purchasing an additional 1,165,000 shares during the period. Finally, Voya Investment Management LLC lifted its position in Comcast by 10.1% during the 3rd quarter. Voya Investment Management LLC now owns 11,282,596 shares of the cable giant’s stock valued at $508,620,000 after purchasing an additional 1,039,071 shares during the period. Institutional investors and hedge funds own 82.52% of the company’s stock.
In related news, EVP David N. Watson sold 78,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the completion of the sale, the executive vice president now directly owns 564,424 shares of the company’s stock, valued at approximately $24,648,396.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $44.98, for a total value of $22,860,995.04. Following the sale, the chief executive officer now directly owns 4,108,522 shares of the company’s stock, valued at $184,801,319.56. The disclosure for this sale can be found here. Insiders sold a total of 591,948 shares of company stock worth $26,526,254 over the last quarter. 1.35% of the stock is currently owned by corporate insiders.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $28.40 billion for the quarter, compared to the consensus estimate of $28.18 billion. Comcast had a net margin of 11.45% and a return on equity of 17.97%. Comcast’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. Equities research analysts expect that Comcast Co. will post 3.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from Comcast’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, March 31st. Comcast’s dividend payout ratio (DPR) is currently 32.94%.
A number of research analysts have issued reports on CMCSA shares. Guggenheim set a $57.00 target price on shares of Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Morgan Stanley set a $53.00 target price on shares of Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research report on Wednesday. TD Securities cut their target price on shares of Comcast from $57.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Sanford C. Bernstein started coverage on shares of Comcast in a research report on Tuesday, October 15th. They set a “market perform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $50.83.
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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