Steward Partners Investment Advisory LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 60,388 shares of the cable giant’s stock, valued at approximately $2,323,000.
Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Bank of New York Mellon Corp lifted its stake in Comcast by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after acquiring an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after acquiring an additional 432,491 shares during the last quarter. Capital International Investors lifted its stake in Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares during the last quarter. Finally, Veritas Asset Management LLP lifted its stake in Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the transaction, the executive vice president now directly owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock worth $31,070,439 in the last ninety days. 1.28% of the stock is currently owned by insiders.
Comcast Co. (NASDAQ:CMCSA) opened at $38.57 on Friday. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a market cap of $177,373.70, a P/E ratio of 18.54, a PEG ratio of 1.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Comcast Co. will post 2.46 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is 13.21%.
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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