GSA Capital Partners LLP raised its stake in Comcast Co. (NASDAQ:CMCSA) by 130.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 40,576 shares of the cable giant’s stock after buying an additional 22,987 shares during the period. GSA Capital Partners LLP’s holdings in Comcast were worth $2,802,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of CMCSA. Massmutual Trust Co. FSB ADV bought a new stake in shares of Comcast during the fourth quarter valued at approximately $105,000. Woodmont Investment Counsel LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $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 period. 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 period. 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 period. 82.03% of the stock is currently owned by institutional investors.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at 37.11 on Tuesday. The company’s 50 day moving average is $37.52 and its 200 day moving average is $34.91. Comcast Co. has a 12 month low of $29.73 and a 12 month high of $38.44. The company has a market cap of $175.98 billion, a P/E ratio of 20.79 and a beta of 1.07.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. The business had revenue of $21 billion for the quarter, compared to the consensus estimate of $20.67 billion. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. On average, equities research analysts predict that Comcast Co. will post $1.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be paid a $0.1575 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, April 3rd. Comcast’s dividend payout ratio is currently 30.81%.
Several analysts have commented on CMCSA shares. Oppenheimer Holdings Inc. raised their price objective on shares of Comcast from $37.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, January 30th. Jefferies Group LLC raised their price objective on shares of Comcast from $38.50 to $40.00 and gave the stock a “buy” rating in a report on Monday, December 19th. HSBC Holdings plc started coverage on shares of Comcast in a report on Thursday, January 19th. They issued a “buy” rating and a $41.50 price objective for the company. Pivotal Research raised their price objective on shares of Comcast to $47.50 and gave the stock a “buy” rating in a report on Thursday, January 26th. Finally, Telsey Advisory Group raised their price objective on shares of Comcast from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, January 24th. One research analyst has rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.88.
In other news, EVP Arthur R. Block sold 20,572 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $37.05, for a total value of $762,192.60. Following the completion of the sale, the executive vice president now owns 85,306 shares of the company’s stock, valued at approximately $3,160,587.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lawrence J. Salva sold 3,121 shares of the company’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $75.96, for a total transaction of $237,071.16. Following the completion of the sale, the executive vice president now directly owns 38,844 shares of the company’s stock, valued at approximately $2,950,590.24. The disclosure for this sale can be found here. Insiders sold a total of 275,312 shares of company stock worth $18,061,829 over the last 90 days. Insiders own 1.27% of the company’s stock.
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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