World Investment Advisors LLC increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 904.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 254,545 shares of the cable giant's stock after purchasing an additional 229,192 shares during the quarter. World Investment Advisors LLC's holdings in Comcast were worth $10,632,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC grew its stake in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Comcast by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant's stock valued at $1,500,722,000 after buying an additional 1,000,626 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Comcast by 1.3% during the third 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comcast by 6.0% in 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 valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in Comcast by 5.4% during 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. Institutional investors own 84.32% of the company's stock.
Insider Buying and Selling
In other news, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business's 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
Comcast Trading Up 1.3 %
Shares of NASDAQ CMCSA traded up $0.53 during trading on Thursday, reaching $40.24. The company had a trading volume of 22,430,502 shares, compared to its average volume of 19,645,764. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. 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 stock has a market cap of $153.98 billion, a P/E ratio of 10.82, a PEG ratio of 1.63 and a beta of 0.99. The company's fifty day moving average price is $42.35 and its 200-day moving average price is $40.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share 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%. The business's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.08 EPS. As a group, research analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.
Comcast Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's payout ratio is presently 33.33%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CMCSA. Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. 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. StockNews.com lowered Comcast from a "strong-buy" rating to a "buy" rating in a report on Wednesday, December 4th. Evercore ISI upgraded Comcast to a "strong-buy" rating in a report on Thursday, November 21st. Finally, KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.19.
Get Our Latest Research Report on Comcast
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.
See Also
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
