Veritas Investment Management LLP increased its position in Comcast Corporation (NASDAQ:CMCSA) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,883,084 shares of the cable giant’s stock after purchasing an additional 119,540 shares during the period. Comcast makes up 9.8% of Veritas Investment Management LLP’s investment portfolio, making the stock its 4th largest holding. Veritas Investment Management LLP’s holdings in Comcast were worth $72,433,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Independent Portfolio Consultants Inc. lifted its stake in Comcast by 87.1% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 6,807 shares of the cable giant’s stock valued at $265,000 after acquiring an additional 3,168 shares in the last quarter. SPF Beheer BV lifted its stake in Comcast by 3.4% during the 2nd quarter. SPF Beheer BV now owns 1,707,254 shares of the cable giant’s stock valued at $66,446,000 after acquiring an additional 55,390 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Comcast by 0.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 573,000 shares of the cable giant’s stock valued at $22,301,000 after acquiring an additional 2,600 shares in the last quarter. KAMES CAPITAL plc lifted its stake in Comcast by 37.3% during the 2nd quarter. KAMES CAPITAL plc now owns 1,474,625 shares of the cable giant’s stock valued at $57,392,000 after acquiring an additional 400,432 shares in the last quarter. Finally, Catawba Capital Management VA lifted its stake in Comcast by 6.3% during the 2nd quarter. Catawba Capital Management VA now owns 35,042 shares of the cable giant’s stock valued at $1,364,000 after acquiring an additional 2,084 shares in the last quarter. Institutional investors own 82.13% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $42.60 on Friday. Comcast Corporation has a twelve month low of $34.78 and a twelve month high of $42.67. The firm has a market capitalization of $199,100.00, a PE ratio of 20.09, a P/E/G ratio of 1.85 and a beta of 1.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
The company also recently disclosed 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. This represents a $0.63 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is currently 29.72%.
A number of research firms have recently commented on CMCSA. Evercore ISI reiterated an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a research note on Tuesday. Buckingham Research lifted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley lifted their target price on Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Pivotal Research reiterated a “buy” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $46.15.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is currently owned by insiders.
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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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