Barrow Hanley Mewhinney & Strauss LLC Has $1.25 Billion Position in Comcast Co. (CMCSA)

Barrow Hanley Mewhinney & Strauss LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 36,753,861 shares of the cable giant’s stock after selling 1,638,625 shares during the period. Comcast comprises 2.5% of Barrow Hanley Mewhinney & Strauss LLC’s holdings, making the stock its 7th largest position. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Comcast were worth $1,251,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Resources Investment Advisors Inc. raised its position in Comcast by 26.1% during the 4th quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock worth $184,000 after buying an additional 1,117 shares during the last quarter. National Asset Management Inc. increased its holdings in shares of Comcast by 5.3% during the 4th quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock valued at $1,906,000 after purchasing an additional 2,831 shares in the last quarter. Lee Capital Holdings LLC increased its holdings in shares of Comcast by 352.0% during the 4th quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock valued at $919,000 after purchasing an additional 21,026 shares in the last quarter. Haverford Trust Co. increased its holdings in shares of Comcast by 0.3% during the 4th quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock valued at $105,904,000 after purchasing an additional 8,001 shares in the last quarter. Finally, Arjuna Capital increased its holdings in shares of Comcast by 4.6% during the 4th quarter. Arjuna Capital now owns 26,035 shares of the cable giant’s stock valued at $886,000 after purchasing an additional 1,149 shares in the last quarter. Institutional investors own 81.15% of the company’s stock.

In other Comcast news, EVP Arthur R. Block sold 1,966 shares of Comcast stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $37.40, for a total transaction of $73,528.40. Following the sale, the executive vice president now owns 58,578 shares of the company’s stock, valued at approximately $2,190,817.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 845 shares of Comcast stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $35.55, for a total transaction of $30,039.75. Following the sale, the senior vice president now directly owns 1,005 shares in the company, valued at approximately $35,727.75. The disclosure for this sale can be found here. In the last three months, insiders sold 1,284,720 shares of company stock valued at $49,080,076. 1.31% of the stock is owned by insiders.

Shares of NASDAQ CMCSA opened at $41.97 on Wednesday. The firm has a market capitalization of $194.05 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.15 and a beta of 1.10. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast Co. has a one year low of $30.43 and a one year high of $42.18.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The company had revenue of $27.85 billion during the quarter, compared to analyst estimates of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities research analysts expect that Comcast Co. will post 2.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.00%. The ex-dividend date is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s payout ratio is presently 32.94%.

CMCSA has been the subject of several recent research reports. TD Securities lifted their target price on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, January 24th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 target price on shares of Comcast in a report on Tuesday, January 22nd. Macquarie reaffirmed a “hold” rating and set a $39.00 target price on shares of Comcast in a report on Monday, December 24th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Eight analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.45.

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About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

Read More: What is the Ex-Dividend Date in Investing?

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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