Weitz Investment Management Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 312,170 shares of the cable giant’s stock after selling 6,270 shares during the period. Weitz Investment Management Inc.’s holdings in Comcast were worth $21,555,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in Comcast by 2.9% in the fourth quarter. State Street Corp now owns 100,948,990 shares of the cable giant’s stock worth $6,971,605,000 after buying an additional 2,822,279 shares during the period. FMR LLC boosted its position in Comcast by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock worth $3,433,960,000 after buying an additional 6,973,366 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Comcast by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock worth $2,905,165,000 after buying an additional 7,652,797 shares during the period. TCI Fund Management Ltd. boosted its position in Comcast by 23.0% in the fourth quarter. TCI Fund Management Ltd. now owns 35,780,552 shares of the cable giant’s stock worth $2,470,647,000 after buying an additional 6,688,445 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Comcast by 2.2% in the third quarter. BlackRock Fund Advisors now owns 29,548,148 shares of the cable giant’s stock worth $1,960,224,000 after buying an additional 646,869 shares during the period. 82.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Co. (NASDAQ:CMCSA) traded up 0.42% during mid-day trading on Friday, reaching $38.16. The company’s stock had a trading volume of 17,106,889 shares. Comcast Co. has a 12 month low of $29.81 and a 12 month high of $38.44. The company has a 50 day moving average price of $37.45 and a 200 day moving average price of $35.49. The stock has a market capitalization of $181.32 billion, a P/E ratio of 21.38 and a beta of 1.07. Comcast also saw some unusual options trading activity on Thursday. Traders purchased 22,693 call options on the company. This represents an increase of approximately 671% compared to the typical volume of 2,944 call options.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be paid a $0.1575 dividend. The ex-dividend date is Monday, April 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Comcast’s previous quarterly dividend of $0.14. Comcast’s payout ratio is 30.81%.
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A number of equities research analysts have recently commented on CMCSA shares. HSBC Holdings plc started coverage on Comcast in a research report on Thursday, January 19th. They issued a “buy” rating and a $41.50 price objective for the company. Deutsche Bank AG raised Comcast from a “hold” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $44.00 in a research report on Friday, January 13th. Jefferies Group LLC lifted their price objective on Comcast from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, January 27th. Instinet lifted their price objective on Comcast from $37.50 to $42.50 and gave the company a “buy” rating in a research report on Friday, January 27th. Finally, Pivotal Research boosted their price target on Comcast to $47.50 and gave the company a “buy” rating in a research report on Thursday, January 26th. One equities research analyst has rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average target price of $40.69.
In related news, EVP Neil Smit sold 28,307 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $75.80, for a total value of $2,145,670.60. Following the completion of the sale, the executive vice president now owns 122,807 shares of the company’s stock, valued at $9,308,770.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lawrence J. Salva sold 3,121 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $75.96, for a total transaction of $237,071.16. Following the completion of the sale, the executive vice president now directly owns 38,844 shares of the company’s stock, valued at approximately $2,950,590.24. The disclosure for this sale can be found here. Insiders sold 313,404 shares of company stock valued at $19,478,603 in the last quarter. 1.27% of the stock is currently owned by corporate insiders.
Comcast Company 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.
