Gulf International Bank UK Ltd grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,560,353 shares of the cable giant’s stock after buying an additional 73,794 shares during the quarter. Comcast accounts for 0.7% of Gulf International Bank UK Ltd’s portfolio, making the stock its 28th largest position. Gulf International Bank UK Ltd’s holdings in Comcast were worth $55,252,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. WP Advisors LLC purchased a new stake in Comcast in the second quarter worth approximately $105,000. Prentiss Smith & Co. Inc. boosted its holdings in Comcast by 229.5% in the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the last quarter. IMA Wealth Inc. purchased a new stake in Comcast in the second quarter worth approximately $108,000. Acropolis Investment Management LLC purchased a new stake in Comcast in the third quarter worth approximately $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Comcast in the second quarter worth approximately $129,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.
Several equities research analysts recently issued reports on CMCSA shares. JPMorgan Chase & Co. started coverage on shares of Comcast in a report on Friday, October 12th. They issued an “overweight” rating and a $42.00 target price on the stock. ValuEngine upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Monday, September 17th. UBS Group cut shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, September 24th. KeyCorp raised their target price on shares of Comcast from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Wednesday, September 26th. Finally, Moffett Nathanson reiterated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research note on Monday, September 24th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $44.57.
In other news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is owned by company insiders.
Shares of CMCSA stock opened at $38.34 on Friday. The firm has a market cap of $177.88 billion, a PE ratio of 15.89, a PEG ratio of 1.21 and a beta of 0.93. Comcast Co. has a one year low of $30.43 and a one year high of $44.00. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The firm had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. On average, equities analysts forecast that Comcast Co. will post 2.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 1.98%. Comcast’s payout ratio is 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.
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