Comcast Co. (CMCSA) Shares Bought by Greystone Investment Management LLC

Greystone Investment Management LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 98.9% during the first quarter, Holdings Channel reports. The institutional investor owned 110,952 shares of the cable giant’s stock after buying an additional 55,156 shares during the period. Comcast accounts for approximately 2.0% of Greystone Investment Management LLC’s portfolio, making the stock its 22nd largest position. Greystone Investment Management LLC’s holdings in Comcast were worth $4,171,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox acquired a new position in shares of Comcast during the fourth quarter worth approximately $2,643,845,000. Norges Bank purchased a new position in Comcast during the fourth quarter worth approximately $1,487,203,000. Fisher Asset Management LLC increased its position in Comcast by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Comcast by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock worth $2,905,165,000 after buying an additional 7,652,797 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Comcast by 116.1% in the first quarter. Bank of Montreal Can now owns 13,991,521 shares of the cable giant’s stock worth $525,942,000 after buying an additional 7,517,912 shares in the last quarter. 82.03% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Shares of Comcast Co. (NASDAQ:CMCSA) opened at 40.94 on Friday. The company has a 50-day moving average price of $39.48 and a 200 day moving average price of $37.30. Comcast Co. has a 52-week low of $30.02 and a 52-week high of $42.18. The firm has a market capitalization of $194.56 billion, a PE ratio of 21.72 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The company had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. Comcast’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts expect that Comcast Co. will post $1.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, June 30th. Comcast’s dividend payout ratio (DPR) is currently 30.81%.

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A number of research analysts have commented on the company. ValuEngine downgraded Comcast from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Pivotal Research reduced their target price on Comcast to $48.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Macquarie reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, May 16th. Guggenheim reaffirmed a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Wednesday, March 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 target price (up previously from $43.00) on shares of Comcast in a report on Saturday, April 29th. Two research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $43.35.

In related news, EVP Stephen B. Burke sold 258,380 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of 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. Insiders sold 341,812 shares of company stock valued at $13,201,635 in the last quarter. 1.27% of the stock is currently 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CMCSA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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