Boston Partners cut its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,912,108 shares of the cable giant’s stock after selling 1,416,457 shares during the period. Boston Partners owned approximately 0.30% of Comcast worth $535,338,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Wesbanco Bank Inc. lifted its holdings in Comcast by 5.3% during the third quarter. Wesbanco Bank Inc. now owns 33,886 shares of the cable giant’s stock worth $1,304,000 after acquiring an additional 1,697 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Comcast by 8.2% during the third quarter. Prudential Financial Inc. now owns 13,254,504 shares of the cable giant’s stock worth $510,034,000 after acquiring an additional 1,000,292 shares in the last quarter. Smith Moore & CO. lifted its holdings in shares of Comcast by 26.3% in the third quarter. Smith Moore & CO. now owns 7,390 shares of the cable giant’s stock valued at $284,000 after purchasing an additional 1,540 shares in the last quarter. Becker Capital Management Inc. bought a new stake in shares of Comcast in the third quarter valued at about $473,000. Finally, Penobscot Investment Management Company Inc. lifted its holdings in shares of Comcast by 1.4% in the third quarter. Penobscot Investment Management Company Inc. now owns 99,777 shares of the cable giant’s stock valued at $3,840,000 after purchasing an additional 1,390 shares in the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.
A number of analysts have recently commented on CMCSA shares. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp restated a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird restated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Morgan Stanley restated an “overweight” rating and issued a $44.00 price target on shares of Comcast in a report on Thursday, September 21st. Finally, Royal Bank of Canada restated a “buy” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.72.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $40.67 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. The stock has a market capitalization of $190,080.00, a PE ratio of 19.18, a P/E/G ratio of 1.85 and a beta of 1.00. Comcast Corporation has a 12-month low of $34.70 and a 12-month high of $42.18.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. research analysts expect that Comcast Corporation will post 2.05 EPS for the current year.
The business also recently announced 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 29.72%.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by company insiders.
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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