A.R.T. Advisors LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 313.4% during the fourth quarter, Holdings Channel reports. The fund owned 33,900 shares of the cable giant’s stock after buying an additional 25,700 shares during the period. A.R.T. Advisors LLC’s holdings in Comcast were worth $2,340,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Comcast during the fourth quarter valued at $105,000. Woodmont Investment Counsel LLC purchased a new stake in shares of Comcast during the third quarter valued at $110,000. Adirondack Trust Co. raised its stake in shares of Comcast by 25.1% in the third quarter. Adirondack Trust Co. now owns 1,671 shares of the cable giant’s stock valued at $111,000 after buying an additional 335 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Comcast by 3.7% in the third quarter. Proficio Capital Partners LLC now owns 1,767 shares of the cable giant’s stock valued at $117,000 after buying an additional 63 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Comcast by 100.0% in the third quarter. Penserra Capital Management LLC now owns 1,764 shares of the cable giant’s stock valued at $117,000 after buying an additional 882 shares during the last quarter. 82.03% of the stock is currently owned by institutional investors.
Comcast Co. (NASDAQ:CMCSA) opened at 37.11 on Tuesday. The firm has a 50-day moving average price of $37.52 and a 200 day moving average price of $34.91. The company has a market cap of $175.98 billion, a P/E ratio of 20.79 and a beta of 1.07. Comcast Co. has a 12 month low of $29.73 and a 12 month high of $38.44.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 26th. The cable giant reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. The company had revenue of $21 billion for the quarter, compared to analyst estimates of $20.67 billion. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. On average, equities analysts expect that Comcast Co. will post $1.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Comcast’s previous quarterly dividend of $0.14. Comcast’s dividend payout ratio (DPR) is 30.81%.
Several analysts have recently weighed in on the company. Jefferies Group LLC lifted their price objective on Comcast from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Deutsche Bank AG raised Comcast from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $44.00 in a report on Friday, January 13th. Pivotal Research decreased their price objective on Comcast to $48.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Instinet lifted their price objective on Comcast from $37.50 to $42.50 and gave the stock a “buy” rating in a report on Friday, January 27th. Finally, Evercore ISI reaffirmed an “overweight” rating on shares of Comcast in a research note on Monday, February 27th. One research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $39.88.
In related news, EVP Neil Smit sold 133,314 shares of the stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $75.31, for a total transaction of $10,039,877.34. Following the sale, the executive vice president now owns 191,837 shares of the company’s stock, valued at $14,447,244.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 20,572 shares of the stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $37.05, for a total value of $762,192.60. Following the sale, the executive vice president now directly owns 85,306 shares in the company, valued at approximately $3,160,587.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,312 shares of company stock worth $18,061,829. 1.27% of the stock is owned by corporate insiders.
Comcast Company Profile
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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