Nuveen Asset Management LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,413,829 shares of the cable giant’s stock after buying an additional 516,076 shares during the quarter. Comcast makes up about 0.7% of Nuveen Asset Management LLC’s holdings, making the stock its 16th biggest position. Nuveen Asset Management LLC owned about 0.07% of Comcast worth $116,241,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. CI Investments Inc. lifted its holdings in shares of Comcast by 4.5% during the 3rd quarter. CI Investments Inc. now owns 4,547,699 shares of the cable giant’s stock worth $161,034,000 after acquiring an additional 196,200 shares during the period. GAM Holding AG grew its position in shares of Comcast by 39.6% during the third quarter. GAM Holding AG now owns 15,930 shares of the cable giant’s stock worth $564,000 after purchasing an additional 4,520 shares in the last quarter. LPL Financial LLC grew its position in shares of Comcast by 6.4% during the third quarter. LPL Financial LLC now owns 840,123 shares of the cable giant’s stock worth $29,749,000 after purchasing an additional 50,397 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Comcast during the third quarter worth about $245,000. Finally, Matarin Capital Management LLC purchased a new position in Comcast during the 3rd quarter valued at approximately $4,997,000. Institutional investors and hedge funds own 81.15% of the company’s stock.
Shares of NASDAQ CMCSA traded up $0.49 during midday trading on Wednesday, reaching $42.46. 3,360,105 shares of the company were exchanged, compared to its average volume of 15,453,720. 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 1 year low of $30.43 and a 1 year high of $42.18. The firm has a market cap of $194.93 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.17 and a beta of 1.10.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The firm had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. During the same quarter last year, the company posted $0.49 earnings per share. The business’s revenue was up 26.1% on a year-over-year basis. As a group, analysts anticipate 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 dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is currently 32.94%.
In other news, EVP David N. Watson sold 201,007 shares of Comcast stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the completion of the sale, the executive vice president now directly owns 817,992 shares in the company, valued at approximately $31,337,273.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David L. Cohen sold 144,771 shares of Comcast stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $39.94, for a total value of $5,782,153.74. Following the transaction, the executive vice president now owns 272,943 shares of the company’s stock, valued at $10,901,343.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,284,720 shares of company stock worth $49,080,076. Corporate insiders own 1.31% of the company’s stock.
A number of brokerages have recently issued reports on CMCSA. Macquarie reiterated a “hold” rating and issued a $39.00 price target on shares of Comcast in a report on Monday, December 24th. Credit Suisse Group restated a “buy” rating and set a $44.00 price target on shares of Comcast in a research note on Tuesday, January 22nd. TD Securities increased their price objective on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. BidaskClub cut Comcast from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $44.45.
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.
Further Reading: Buy-Side Analysts
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