Kepos Capital LP boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,554 shares of the cable giant’s stock after acquiring an additional 1,685 shares during the period. Kepos Capital LP’s holdings in Comcast were worth $6,535,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. IMA Wealth Inc. purchased a new position in Comcast in the 2nd quarter worth approximately $108,000. Acropolis Investment Management LLC purchased a new position in Comcast in the 3rd quarter worth approximately $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Comcast in the 2nd quarter worth approximately $129,000. Signature Estate & Investment Advisors LLC purchased a new position in Comcast in the 3rd quarter worth approximately $149,000. Finally, Stelac Advisory Services LLC purchased a new position in Comcast in the 3rd quarter worth approximately $154,000. 79.99% of the stock is owned by institutional investors.
CMCSA has been the subject of a number of recent research reports. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Morgan Stanley initiated coverage on shares of Comcast in a report on Thursday, November 8th. They issued an “overweight” rating and a $46.00 price objective for the company. UBS Group lowered shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. Citigroup initiated coverage on shares of Comcast in a report on Wednesday, October 24th. They issued a “buy” rating and a $48.00 price objective for the company. Finally, ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. Nine research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.61.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The company had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Equities research analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a yield of 1.94%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
In other Comcast news, EVP Arthur R. Block sold 1,082 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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