UMB Bank n.a. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,092 shares of the cable giant's stock after selling 8,339 shares during the quarter. UMB Bank n.a.'s holdings in Comcast were worth $11,788,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. FMR LLC increased its position in shares of Comcast by 5.4% during the 3rd 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 during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant's stock worth $1,331,192,000 after purchasing an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 last quarter. Ontario Teachers Pension Plan Board lifted its holdings in Comcast by 5.4% in the 3rd 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 last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Comcast by 4.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant's stock valued at $623,146,000 after acquiring an additional 676,920 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.
Comcast Price Performance
Shares of Comcast stock traded up $0.27 on Monday, reaching $36.58. 21,859,674 shares of the stock were exchanged, compared to its average volume of 18,748,178. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The firm has a market cap of $139.97 billion, a PE ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm's 50 day moving average is $39.97 and its 200-day moving average is $40.19.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. Comcast's revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.
Comcast Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. Comcast's payout ratio is presently 33.33%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Thursday, January 2nd. Rosenblatt Securities restated a "neutral" rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $47.75 to $48.00 in a report on Friday, November 1st. Wells Fargo & Company cut their target price on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Finally, StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $47.33.
Read Our Latest Report on CMCSA
Insider Activity at Comcast
In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on 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 transaction, the president now directly owns 534,849 shares of the company's stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
Comcast Company Profile
(
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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