Intermede Investment Partners Ltd raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,756,115 shares of the cable giant’s stock after buying an additional 69,899 shares during the period. Comcast comprises approximately 4.7% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 8th biggest holding. Intermede Investment Partners Ltd’s holdings in Comcast were worth $62,184,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in CMCSA. Massachusetts Financial Services Co. MA grew its position in shares of Comcast by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 150,105,437 shares of the cable giant’s stock valued at $5,315,234,000 after purchasing an additional 1,830,315 shares during the last quarter. FMR LLC grew its position in Comcast by 7.5% during the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock worth $3,669,961,000 after buying an additional 7,812,415 shares in the last quarter. Boston Partners grew its position in Comcast by 23.7% during the second quarter. Boston Partners now owns 22,787,062 shares of the cable giant’s stock worth $747,643,000 after buying an additional 4,358,705 shares in the last quarter. Bank of Montreal Can grew its position in Comcast by 43.9% during the third quarter. Bank of Montreal Can now owns 22,597,172 shares of the cable giant’s stock worth $800,167,000 after buying an additional 6,893,674 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Comcast by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 19,722,508 shares of the cable giant’s stock worth $647,096,000 after buying an additional 1,125,430 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
A number of brokerages recently issued reports on CMCSA. Pivotal Research reissued a “buy” rating on shares of Comcast in a research report on Friday, August 10th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Wednesday. Raymond James raised Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. MED began coverage on Comcast in a research report on Wednesday, October 24th. They set a “buy” rating and a $43.00 price target on the stock. They noted that the move was a valuation call. Finally, Moffett Nathanson reissued a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, September 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $44.64.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The company had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, analysts expect that Comcast Co. will post 2.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, December 31st. Comcast’s payout ratio is 36.89%.
In related news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by corporate insiders.
Comcast Company Profile
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.
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