Quantitative Systematic Strategies LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 98.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,720 shares of the cable giant’s stock after purchasing an additional 5,326 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Comcast were worth $413,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Biegel & Waller LLC bought a new stake in Comcast during the second quarter worth $432,000. Penobscot Investment Management Company Inc. lifted its holdings in Comcast by 3.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after acquiring an additional 2,828 shares during the period. WINTON GROUP Ltd lifted its holdings in Comcast by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after acquiring an additional 186,920 shares during the period. Artisan Partners Limited Partnership lifted its holdings in Comcast by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after acquiring an additional 451,551 shares during the period. Finally, Tower Bridge Advisors lifted its holdings in Comcast by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after acquiring an additional 13,003 shares during the period. Institutional investors own 82.50% of the company’s stock.
A number of analysts have issued reports on CMCSA shares. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie reissued a “buy” rating and issued a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Finally, Robert W. Baird reissued an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $45.72.
In related news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction on Thursday, September 28th. The stock was 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 owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
Comcast Corporation (NASDAQ CMCSA) opened at $39.71 on Friday. The firm has a market capitalization of $188,390.00, a price-to-earnings ratio of 19.41, a PEG ratio of 1.87 and a beta of 1.00. Comcast Corporation has a 52-week low of $34.12 and a 52-week high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (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 the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. analysts anticipate 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. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
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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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