FIL Ltd Grows Position in Comcast Corporation (CMCSA)

FIL Ltd increased its position in Comcast Corporation (NASDAQ:CMCSA) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,783,369 shares of the cable giant’s stock after acquiring an additional 365,253 shares during the period. FIL Ltd owned approximately 0.14% of Comcast worth $264,009,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CMCSA. CIBC World Markets Inc. grew its holdings in Comcast by 2,277.6% during the 1st quarter. CIBC World Markets Inc. now owns 2,043,831 shares of the cable giant’s stock valued at $76,828,000 after buying an additional 1,957,868 shares during the last quarter. Grand Jean Capital Management Inc. grew its holdings in Comcast by 98.6% during the 1st quarter. Grand Jean Capital Management Inc. now owns 453,244 shares of the cable giant’s stock valued at $17,037,000 after buying an additional 225,042 shares during the last quarter. Holderness Investments Co. grew its holdings in Comcast by 141.4% during the 1st quarter. Holderness Investments Co. now owns 33,486 shares of the cable giant’s stock valued at $1,259,000 after buying an additional 19,617 shares during the last quarter. Harris Associates L P grew its holdings in Comcast by 117.7% during the 1st quarter. Harris Associates L P now owns 9,773,868 shares of the cable giant’s stock valued at $367,399,000 after buying an additional 5,284,614 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in Comcast by 116.1% during the 1st quarter. State of Wisconsin Investment Board now owns 5,217,038 shares of the cable giant’s stock valued at $196,108,000 after buying an additional 2,803,393 shares during the last quarter. Hedge funds and other institutional investors own 82.51% of the company’s stock.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on the company. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price target on the stock. Robert W. Baird reissued a “buy” rating and set a $43.00 price target on shares of Comcast in a research note on Friday, November 17th. OTR Global lowered Comcast to a “positive” rating in a research note on Monday, October 30th. Nomura reduced their price target on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Barclays reduced their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.93.

Comcast Corporation (CMCSA) opened at $38.43 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $175,453.38, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.79 and a beta of 1.01. Comcast Corporation has a 52-week low of $34.03 and a 52-week high of $42.18.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.63%. Comcast’s dividend payout ratio is currently 30.36%.

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About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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