Empower Advisory Group LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,947,986 shares of the cable giant's stock after acquiring an additional 41,471 shares during the quarter. Empower Advisory Group LLC owned 0.05% of Comcast worth $73,108,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC grew its position in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after acquiring an additional 229,192 shares during the period. Robinson Value Management Ltd. lifted its position in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares in the last quarter. Tidal Investments LLC grew its holdings in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock valued at $7,161,000 after purchasing an additional 22,684 shares during the period. Private Management Group Inc. increased its position in Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock worth $32,118,000 after buying an additional 24,827 shares in the last quarter. Finally, Parnassus Investments LLC raised its stake in shares of Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock worth $80,232,000 after buying an additional 68,139 shares during the period. Institutional investors own 84.32% of the company's stock.
Comcast Price Performance
CMCSA stock traded down $0.16 during trading on Friday, hitting $36.26. 21,402,835 shares of the company's stock traded hands, compared to its average volume of 26,761,117. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The stock has a market capitalization of $137.08 billion, a price-to-earnings ratio of 8.74, a P/E/G ratio of 1.79 and a beta of 1.00. The business has a fifty day simple moving average of $36.58 and a 200 day simple moving average of $39.58. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.
Comcast Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. Comcast's dividend payout ratio (DPR) is currently 29.88%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price for the company in a report on Friday, January 31st. Benchmark reduced their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and decreased their price target for the company from $50.00 to $38.00 in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.
Check Out Our Latest Stock Report on Comcast
Insiders Place Their Bets
In related news, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.
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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