DekaBank Deutsche Girozentrale boosted its position in Comcast Corporation (NASDAQ:CMCSA) by 107.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,601,577 shares of the cable giant’s stock after buying an additional 2,381,309 shares during the period. Comcast Corporation comprises 1.6% of DekaBank Deutsche Girozentrale’s portfolio, making the stock its 6th largest position. DekaBank Deutsche Girozentrale owned approximately 0.10% of Comcast Corporation worth $173,044,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Dodge & Cox purchased a new position in Comcast Corporation during the fourth quarter worth approximately $2,643,845,000. TCI Fund Management Ltd. boosted its stake 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 valued at $2,470,647,000 after buying an additional 6,688,445 shares in the last quarter. Fisher Asset Management LLC boosted its stake 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 valued at $953,459,000 after buying an additional 12,839,117 shares in the last quarter. Norges Bank bought a new stake in Comcast Corporation during the fourth quarter valued at about $1,487,203,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake 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 valued at $541,198,000 after buying an additional 7,229,956 shares in the last quarter. Institutional investors and hedge funds own 82.57% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at 39.20 on Tuesday. The stock’s 50 day moving average price is $40.33 and its 200-day moving average price is $37.94. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market cap of $185.92 billion, a price-to-earnings ratio of 20.80 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $20.10 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post $1.99 EPS 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 paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 annualized dividend and a yield of 1.61%. Comcast Corporation’s dividend payout ratio is presently 33.51%.
Several analysts have weighed in on the stock. Telsey Advisory Group boosted their target price on shares of Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Credit Suisse Group upped their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the stock a “buy” rating in a 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 reissued a “buy” rating and issued a $43.00 price target (down from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.68.
In other news, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the transaction, the executive vice president now directly owns 980,498 shares in the company, valued at approximately $38,229,617.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 2,356 shares of the stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $37.82, for a total transaction of $89,103.92. Following the sale, the executive vice president now owns 62,988 shares in the company, valued at $2,382,206.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,236 shares of company stock valued at $10,467,090. 1.28% of the stock is 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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