NorthCoast Asset Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,234 shares of the cable giant’s stock after buying an additional 46,608 shares during the period. Comcast accounts for approximately 2.4% of NorthCoast Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. NorthCoast Asset Management LLC’s holdings in Comcast were worth $26,402,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Beach Investment Management LLC. acquired a new stake in Comcast in the second quarter worth $371,000. Meiji Yasuda Life Insurance Co increased its holdings in shares of Comcast by 1.0% during the second quarter. Meiji Yasuda Life Insurance Co now owns 155,724 shares of the cable giant’s stock valued at $6,061,000 after purchasing an additional 1,600 shares during the period. Tradition Capital Management LLC increased its holdings in shares of Comcast by 11.3% during the second quarter. Tradition Capital Management LLC now owns 14,054 shares of the cable giant’s stock valued at $547,000 after purchasing an additional 1,430 shares during the period. Atlantic Trust Group LLC increased its holdings in shares of Comcast by 0.7% during the second quarter. Atlantic Trust Group LLC now owns 5,258,607 shares of the cable giant’s stock valued at $204,664,000 after purchasing an additional 38,539 shares during the period. Finally, Sterling Investment Advisors Ltd. increased its holdings in shares of Comcast by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 21,320 shares of the cable giant’s stock valued at $830,000 after purchasing an additional 542 shares during the period. 83.59% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Co. (NASDAQ CMCSA) opened at $36.43 on Wednesday. Comcast Co. has a 52 week low of $34.78 and a 52 week high of $44.00. The firm has a market capitalization of $171,660.97, a PE ratio of 17.94, a P/E/G ratio of 1.34 and a beta of 1.16. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.09%. This is a boost from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is currently 13.21%.
In related news, EVP David N. Watson sold 131,447 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $36.79, for a total value of $4,835,935.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 915,605 shares of company stock valued at $35,906,374 in the last ninety days. Company insiders own 1.28% of the company’s stock.
A number of research analysts have recently commented on the company. Pivotal Research reissued a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday, January 24th. Bank of America raised their price target on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities raised their price target on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Co raised their price target on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays set a $43.00 price target on Comcast and gave the company a “buy” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.39.
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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