Institutional & Family Asset Management LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 39.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,643 shares of the cable giant’s stock after purchasing an additional 8,623 shares during the quarter. Institutional & Family Asset Management LLC’s holdings in Comcast were worth $1,179,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Biegel & Waller LLC acquired a new position in Comcast during the 2nd quarter worth approximately $432,000. Penobscot Investment Management Company Inc. boosted its position in Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after acquiring an additional 2,828 shares during the last quarter. Jennison Associates LLC boosted its position in Comcast by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock worth $238,435,000 after acquiring an additional 83,461 shares during the last quarter. iAB Financial Bank acquired a new position in Comcast during the 2nd quarter worth approximately $244,000. Finally, Quinn Opportunity Partners LLC boosted its position in Comcast by 97.6% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock worth $1,892,000 after acquiring an additional 24,000 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Co. (CMCSA) opened at $38.57 on Friday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The stock has a market capitalization of $177,373.70, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 1.97%. Comcast’s dividend payout ratio (DPR) is presently 13.21%.
Several equities research analysts have recently commented on CMCSA shares. SunTrust Banks increased their price objective on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Nomura reissued a “neutral” rating and issued a $42.00 price objective (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. TD Securities increased their price objective on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, October 18th. Finally, Scotiabank set a $52.00 price objective on Comcast and gave the company a “buy” rating in a report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.74.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock worth $31,070,439 in the last quarter. Company insiders own 1.28% of the company’s stock.
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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