Veritas Investment Management LLP increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,763,544 shares of the cable giant’s stock after buying an additional 99,653 shares during the quarter. Comcast Corporation comprises approximately 10.0% of Veritas Investment Management LLP’s portfolio, making the stock its 4th largest position. Veritas Investment Management LLP’s holdings in Comcast Corporation were worth $68,646,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after purchasing an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after purchasing an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after purchasing an additional 29,199,805 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Comcast Corporation by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after purchasing an additional 12,625,830 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Comcast Corporation by 151.5% in the 1st quarter. Swiss National Bank now owns 17,191,600 shares of the cable giant’s stock valued at $646,232,000 after purchasing an additional 10,356,700 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.86 on Wednesday. Comcast Corporation has a 1 year low of $33.28 and a 1 year high of $42.18. The firm has a market cap of $174,097.97, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.93 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.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Comcast Corporation’s quarterly revenue was down 1.6% compared to the same quarter last year. equities analysts predict that Comcast Corporation will post 2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. Comcast Corporation’s dividend payout ratio (DPR) is presently 30.36%.
Several analysts recently weighed in on the stock. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a report on Monday, October 30th. Nomura dropped their target price on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. Barclays PLC dropped their target price on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Pivotal Research lifted their target price on shares of Comcast Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 target price on shares of Comcast Corporation in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $45.84.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
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About Comcast Corporation
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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