Meru Capital Group LP purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 137,900 shares of the cable giant’s stock, valued at approximately $4,712,000. Comcast accounts for 15.0% of Meru Capital Group LP’s holdings, making the stock its largest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC acquired a new position in Comcast during the 4th quarter valued at about $102,000. Vigilant Capital Management LLC raised its position in shares of Comcast by 474.2% during the 4th quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock worth $104,000 after buying an additional 2,134 shares in the last quarter. Tower View Investment Management & Research LLC bought a new stake in shares of Comcast during the 4th quarter worth about $109,000. Global Trust Asset Management LLC bought a new stake in shares of Comcast during the 4th quarter worth about $126,000. Finally, Santori & Peters Inc. bought a new stake in shares of Comcast during the 4th quarter worth about $126,000. 81.92% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Daniel C. Murdock sold 916 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the transaction, the senior vice president now directly owns 2,120 shares of the company’s stock, valued at $70,384. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the transaction, the chairman now directly owns 1,717,788 shares in the company, valued at $62,750,795.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 720,311 shares of company stock worth $26,243,429. 1.31% of the stock is currently owned by insiders.
A number of analysts have commented on the stock. BidaskClub downgraded shares of Comcast from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Macquarie downgraded shares of Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Pivotal Research restated a “buy” rating and set a $113.00 price target on shares of Comcast in a research report on Wednesday, February 28th. TD Securities dropped their price target on shares of Comcast from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, March 29th. Finally, Nomura dropped their price target on shares of Comcast to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.82.
Comcast opened at $32.38 on Wednesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.98 and a current ratio of 0.98. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The company has a market capitalization of $148.62 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.15 and a beta of 1.19.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. research analysts expect that Comcast Co. will post 2.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, July 2nd. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.