Daiwa Securities Group Inc. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 89.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 184,970 shares of the cable giant’s stock after buying an additional 87,500 shares during the period. Daiwa Securities Group Inc.’s holdings in Comcast Corporation were worth $6,953,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Dodge & Cox acquired a new position in shares of Comcast Corporation during the fourth quarter worth $2,643,845,000. TCI Fund Management Ltd. boosted its position in Comcast Corporation 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 last quarter. Fisher Asset Management LLC boosted its position in Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares during the last quarter. Norges Bank purchased a new position in Comcast Corporation during the fourth quarter worth approximately $1,487,203,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Comcast Corporation by 100.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 14,397,398 shares of the cable giant’s stock worth $541,198,000 after buying an additional 7,229,956 shares during the last quarter. Hedge funds and other institutional investors own 82.57% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 39.20 on Tuesday. The company has a market cap of $185.92 billion, a price-to-earnings ratio of 20.80 and a beta of 1.01. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The stock has a 50 day moving average price of $40.33 and a 200-day moving average price of $37.94.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The business had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $20.10 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities research analysts forecast that Comcast Corporation will post $1.99 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, June 30th. Comcast Corporation’s payout ratio is 33.51%.
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CMCSA has been the topic of several recent analyst reports. Telsey Advisory Group upped their price target on shares of Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Credit Suisse Group boosted their target price on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Comcast Corporation in a report on Friday, April 7th. Finally, Instinet reaffirmed a “buy” rating and issued a $43.00 price objective (down previously from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Comcast Corporation presently has a consensus rating of “Buy” and an average price target of $44.68.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 2,356 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total transaction of $89,103.92. Following the transaction, the executive vice president now owns 62,988 shares of the company’s stock, valued at $2,382,206.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,236 shares of company stock worth $10,467,090. 1.28% of the stock is currently owned by corporate insiders.
Comcast Corporation 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.
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