Wasatch Advisors Inc. Boosts Holdings in Comcast Co. (CMCSA)

Wasatch Advisors Inc. raised its position in Comcast Co. (NASDAQ:CMCSA) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 162,644 shares of the cable giant’s stock after purchasing an additional 6,844 shares during the period. Wasatch Advisors Inc.’s holdings in Comcast were worth $6,259,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in Comcast by 8.8% in the third quarter. Brighton Jones LLC now owns 71,146 shares of the cable giant’s stock valued at $2,738,000 after purchasing an additional 5,754 shares during the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Comcast by 14.3% during the third quarter. Mawer Investment Management Ltd. now owns 4,318,461 shares of the cable giant’s stock valued at $166,081,000 after acquiring an additional 539,921 shares during the last quarter. SPF Beheer BV boosted its stake in shares of Comcast by 6.5% during the third quarter. SPF Beheer BV now owns 1,817,665 shares of the cable giant’s stock valued at $69,944,000 after acquiring an additional 110,411 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Comcast by 75.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 31,000 shares of the cable giant’s stock valued at $1,193,000 after acquiring an additional 13,300 shares during the last quarter. Finally, Renaissance Group LLC boosted its stake in shares of Comcast by 1,279.2% during the third quarter. Renaissance Group LLC now owns 858,723 shares of the cable giant’s stock valued at $33,044,000 after acquiring an additional 796,461 shares during the last quarter. 82.20% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research note on Monday, October 30th. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, Wells Fargo & Co reaffirmed a “buy” rating and set a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.62.

Shares of Comcast Co. (CMCSA) opened at $41.85 on Friday. 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 Co. has a 52 week low of $34.78 and a 52 week high of $42.71. The stock has a market capitalization of $194,802.78, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. equities analysts predict that Comcast Co. will post 2.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.50%. Comcast’s dividend payout ratio (DPR) is 30.36%.

In other news, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 593,402 shares of company stock worth $22,961,401. Company insiders own 1.28% of the company’s stock.

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Comcast Profile

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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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