Supplemental Annuity Collective Trust of NJ reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,000 shares of the cable giant’s stock after selling 10,000 shares during the quarter. Comcast comprises approximately 0.8% of Supplemental Annuity Collective Trust of NJ’s investment portfolio, making the stock its 28th largest position. Supplemental Annuity Collective Trust of NJ’s holdings in Comcast were worth $1,924,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nichols & Pratt Advisers LLP MA increased its stake in shares of Comcast by 100.0% in the 1st quarter. Nichols & Pratt Advisers LLP MA now owns 24,000 shares of the cable giant’s stock worth $903,000 after acquiring an additional 12,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Comcast by 91.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,393,490 shares of the cable giant’s stock worth $52,380,000 after acquiring an additional 666,465 shares during the last quarter. Lockheed Martin Investment Management Co. increased its stake in shares of Comcast by 114.5% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 88,590 shares of the cable giant’s stock worth $3,330,000 after acquiring an additional 47,290 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in shares of Comcast by 75.1% in the 1st quarter. Thornburg Investment Management Inc. now owns 301,292 shares of the cable giant’s stock worth $11,326,000 after acquiring an additional 129,186 shares during the last quarter. Finally, Conservest Capital Advisors Inc. acquired a new stake in shares of Comcast in the 1st quarter worth $716,000. 82.13% of the stock is owned by hedge funds and other institutional investors.
Comcast Corporation (NASDAQ CMCSA) opened at $40.78 on Friday. Comcast Corporation has a twelve month low of $34.12 and a twelve month high of $42.18. The company has a market capitalization of $190,736.59, a PE ratio of 19.65, a P/E/G ratio of 1.96 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 30.36%.
A number of equities analysts have recently weighed in on CMCSA shares. Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Friday, September 1st. ValuEngine cut Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp reiterated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $44.00 price target on shares of Comcast in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.72.
In other news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 593,556 shares of company stock valued at $22,958,411 in the last quarter. Company insiders own 1.28% of the company’s stock.
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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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