Henderson Group PLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 115.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,677,430 shares of the cable giant’s stock after buying an additional 898,642 shares during the period. Henderson Group PLC’s holdings in Comcast Corporation were worth $63,063,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Trexquant Investment LP bought a new stake in shares of Comcast Corporation during the fourth quarter valued at $1,436,000. Marshall Wace LLP increased its stake in shares of Comcast Corporation by 7.1% in the fourth quarter. Marshall Wace LLP now owns 2,391,941 shares of the cable giant’s stock valued at $165,163,000 after buying an additional 157,970 shares during the last quarter. Elkfork Partners LLC bought a new stake in shares of Comcast Corporation during the fourth quarter valued at $4,869,000. Aviva PLC increased its stake in shares of Comcast Corporation by 1.0% in the fourth quarter. Aviva PLC now owns 1,735,849 shares of the cable giant’s stock valued at $120,034,000 after buying an additional 17,360 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Comcast Corporation by 833.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,451,975 shares of the cable giant’s stock valued at $307,835,000 after buying an additional 3,975,123 shares during the last quarter. 82.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 38.57 on Monday. The firm has a market cap of $182.94 billion, a PE ratio of 20.46 and a beta of 1.01. The firm’s 50-day moving average price is $40.33 and its 200 day moving average price is $37.94. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly 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. The firm had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 earnings per share. Equities analysts anticipate that Comcast Corporation will post $1.98 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, June 30th. Comcast Corporation’s dividend payout ratio is 33.51%.
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Several brokerages have recently weighed in on CMCSA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 target price on shares of Comcast Corporation in a research report on Friday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a research report on Sunday. Morgan Stanley reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Bank of America Corporation upped their target price on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $44.29.
In other Comcast Corporation news, EVP Arthur R. Block sold 2,356 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total transaction of $89,103.92. Following the completion of the transaction, the executive vice president now owns 62,988 shares in the company, valued at $2,382,206.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 268,236 shares of company stock valued at $10,467,090. Corporate insiders own 1.28% of the company’s stock.
About Comcast Corporation
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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