Brophy Wealth Management LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 17,037 shares of the cable giant's stock, valued at approximately $712,000.
A number of other large investors also recently modified their holdings of the company. FMR LLC raised its position in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock valued at $1,500,722,000 after purchasing an additional 1,000,626 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant's stock valued at $1,331,192,000 after acquiring an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant's stock worth $667,620,000 after purchasing an additional 822,936 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on CMCSA shares. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. StockNews.com downgraded shares of Comcast from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 4th. Rosenblatt Securities reissued a "neutral" rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Macquarie lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Monday, November 18th. Finally, Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.19.
Check Out Our Latest Stock Report on Comcast
Comcast Price Performance
NASDAQ CMCSA traded up $0.29 during trading on Tuesday, hitting $39.34. 17,134,132 shares of the stock traded hands, compared to its average volume of 19,564,941. The company has a market capitalization of $150.54 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50-day simple moving average of $42.42 and a 200-day simple moving average of $40.31. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. During the same period in the previous year, the company posted $1.08 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 4.26 EPS for the current year.
Comcast Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.15%. Comcast's payout ratio is 33.33%.
About Comcast
(
Free Report)
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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