Franklin Resources Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,988,055 shares of the cable giant’s stock after selling 923,769 shares during the period. Franklin Resources Inc.’s holdings in Comcast were worth $897,114,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of CMCSA. State Street Corp boosted its stake in shares of Comcast by 2.9% in the fourth quarter. State Street Corp now owns 100,948,990 shares of the cable giant’s stock worth $6,971,605,000 after buying an additional 2,822,279 shares during the period. FMR LLC boosted its stake in shares of Comcast by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock worth $3,433,960,000 after buying an additional 6,973,366 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 during the period. TCI Fund Management Ltd. boosted its stake in shares of Comcast by 23.0% in the fourth quarter. TCI Fund Management Ltd. now owns 35,780,552 shares of the cable giant’s stock worth $2,470,647,000 after buying an additional 6,688,445 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Comcast by 2.2% in the third quarter. BlackRock Fund Advisors now owns 29,548,148 shares of the cable giant’s stock worth $1,960,224,000 after buying an additional 646,869 shares during the period. Hedge funds and other institutional investors own 82.03% of the company’s stock.
Comcast Co. (NASDAQ:CMCSA) opened at 37.11 on Tuesday. The firm has a market capitalization of $175.98 billion, a price-to-earnings ratio of 20.79 and a beta of 1.07. The stock has a 50 day moving average price of $37.52 and a 200-day moving average price of $34.91. Comcast Co. has a one year low of $29.73 and a one year high of $38.44.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The firm earned $21 billion during the quarter, compared to analysts’ expectations of $20.67 billion. During the same period in the previous year, the firm posted $0.81 EPS. Comcast’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Comcast Co. will post $1.88 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.70%. This is a boost from Comcast’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, April 3rd. Comcast’s payout ratio is presently 30.81%.
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A number of equities research analysts recently weighed in on CMCSA shares. Oppenheimer Holdings Inc. upped their price objective on Comcast from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. Jefferies Group LLC increased their price target on Comcast from $38.50 to $40.00 and gave the company a “buy” rating in a research note on Monday, December 19th. HSBC Holdings plc began coverage on Comcast in a research note on Thursday, January 19th. They issued a “buy” rating and a $41.50 price target for the company. Pivotal Research increased their price target on Comcast to $47.50 and gave the company a “buy” rating in a research note on Thursday, January 26th. Finally, Telsey Advisory Group increased their price target on Comcast from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. One analyst has rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus price target of $39.88.
In other Comcast news, EVP Arthur R. Block sold 20,572 shares of Comcast stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $37.05, for a total transaction of $762,192.60. Following the completion of the sale, the executive vice president now directly owns 85,306 shares of the company’s stock, valued at approximately $3,160,587.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lawrence J. Salva sold 3,121 shares of Comcast stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $75.96, for a total value of $237,071.16. Following the sale, the executive vice president now directly owns 38,844 shares of the company’s stock, valued at $2,950,590.24. The disclosure for this sale can be found here. Insiders have sold a total of 275,312 shares of company stock valued at $18,061,829 over the last three months. 1.27% of the stock is currently owned by 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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