Mawer Investment Management Ltd. boosted its position in Comcast (NASDAQ:CMCSA) by 6.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,179,142 shares of the cable giant’s stock after acquiring an additional 312,708 shares during the period. Comcast comprises approximately 1.5% of Mawer Investment Management Ltd.’s holdings, making the stock its 27th biggest holding. Mawer Investment Management Ltd.’s holdings in Comcast were worth $176,838,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in shares of Comcast by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 135,451,128 shares of the cable giant’s stock valued at $4,628,365,000 after buying an additional 8,022,739 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Comcast by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after buying an additional 432,491 shares during the period. Geode Capital Management LLC grew its stake in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock valued at $1,968,535,000 after buying an additional 567,282 shares during the period. Capital International Investors grew its stake in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares during the period. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Comcast by 2.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 33,885,075 shares of the cable giant’s stock valued at $1,357,097,000 after buying an additional 892,457 shares during the period. 83.75% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on CMCSA shares. Moffett Nathanson reissued a “buy” rating and set a $52.00 price objective (up from $45.00) on shares of Comcast in a research note on Thursday, January 18th. Pivotal Research reissued a “buy” rating and set a $113.00 price objective on shares of Comcast in a research note on Wednesday, February 28th. Guggenheim boosted their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. SunTrust Banks boosted their price objective on shares of Comcast to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, TD Securities upped their price target on shares of Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. Comcast currently has a consensus rating of “Buy” and a consensus price target of $46.23.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, April 25th. The cable giant reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Comcast had a net margin of 26.79% and a return on equity of 16.14%. The firm had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.74 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. sell-side analysts forecast that Comcast will post 2.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Tuesday, July 3rd will be issued a $0.19 dividend. The ex-dividend date is Monday, July 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 2.34%. Comcast’s dividend payout ratio is currently 36.89%.
In other Comcast news, EVP David N. Watson sold 131,447 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $36.79, for a total value of $4,835,935.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 358,353 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total transaction of $13,219,642.17. Following the completion of the transaction, the chief executive officer now owns 1,717,788 shares in the company, valued at approximately $63,369,199.32. The disclosure for this sale can be found here. Insiders sold a total of 1,210,111 shares of company stock worth $44,299,007 in the last quarter. 1.28% of the stock is currently owned by company insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.