Advisory Research Inc. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 530,496 shares of the cable giant’s stock after purchasing an additional 7,387 shares during the quarter. Advisory Research Inc.’s holdings in Comcast were worth $18,238,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of CMCSA. Norges Bank bought a new position in Comcast in the 4th quarter worth approximately $2,140,195,000. Capital International Investors increased its stake in Comcast by 30.9% in the 4th quarter. Capital International Investors now owns 134,005,521 shares of the cable giant’s stock valued at $6,026,230,000 after buying an additional 31,604,388 shares during the last quarter. Parnassus Investments CA increased its stake in Comcast by 128.9% in the 1st quarter. Parnassus Investments CA now owns 21,254,365 shares of the cable giant’s stock valued at $730,725,000 after buying an additional 11,968,000 shares during the last quarter. Capital World Investors increased its stake in Comcast by 5.7% in the 4th quarter. Capital World Investors now owns 89,091,727 shares of the cable giant’s stock valued at $4,006,456,000 after buying an additional 4,822,230 shares during the last quarter. Finally, M&G Investment Management Ltd. acquired a new stake in Comcast in the 4th quarter valued at $169,146,000. 82.91% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the stock. KeyCorp lowered their price target on shares of Comcast from $50.00 to $46.00 and set an “overweight” rating on the stock in a research note on Thursday, March 12th. SunTrust Banks lowered their price objective on shares of Comcast from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 3rd. Oppenheimer restated a “hold” rating on shares of Comcast in a research note on Thursday, April 30th. Benchmark restated a “buy” rating and set a $54.00 price objective on shares of Comcast in a research note on Friday, May 22nd. Finally, Rosenblatt Securities restated a “buy” rating and set a $44.00 price objective on shares of Comcast in a research note on Thursday, April 30th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $47.81.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 30th. The cable giant reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Comcast had a net margin of 10.72% and a return on equity of 17.56%. The business had revenue of $26.61 billion during the quarter, compared to analyst estimates of $26.71 billion. During the same period in the previous year, the business posted $0.76 earnings per share. Comcast’s revenue for the quarter was down .9% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.92 annualized dividend and a yield of 2.30%. Comcast’s payout ratio is presently 29.39%.
In other news, CAO Daniel C. Murdock sold 1,038 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $36.55, for a total value of $37,938.90. Following the completion of the sale, the chief accounting officer now directly owns 4,229 shares in the company, valued at approximately $154,569.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David N. Watson sold 202,782 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $37.05, for a total transaction of $7,513,073.10. Following the completion of the sale, the executive vice president now owns 893,424 shares of the company’s stock, valued at $33,101,359.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 204,739 shares of company stock valued at $7,585,502. 1.35% of the stock is currently owned by company insiders.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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