HS Management Partners LLC Increases Holdings in Comcast Co. (CMCSA)

HS Management Partners LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 25.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,782,568 shares of the cable giant’s stock after purchasing an additional 1,183,425 shares during the quarter. Comcast accounts for 7.1% of HS Management Partners LLC’s investment portfolio, making the stock its 6th biggest holding. HS Management Partners LLC owned about 0.12% of Comcast worth $231,592,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after acquiring an additional 432,491 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock worth $1,968,535,000 after acquiring an additional 567,282 shares during the last quarter. Capital International Investors increased its stake in shares of Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after acquiring an additional 6,467,802 shares during the last quarter. Veritas Asset Management LLP increased its stake in shares of Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after acquiring an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Comcast by 9.7% in the fourth quarter. Alliancebernstein L.P. now owns 32,328,400 shares of the cable giant’s stock worth $1,294,752,000 after acquiring an additional 2,859,872 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on CMCSA shares. Pivotal Research reaffirmed a “buy” rating and issued a $113.00 price target on shares of Comcast in a research note on Wednesday, February 28th. UBS dropped their price target on shares of Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, March 22nd. Scotiabank set a $52.00 price target on shares of Comcast and gave the stock a “buy” rating in a research note on Friday, January 19th. Evercore ISI reaffirmed an “outperform” rating and issued a $48.00 price target (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Finally, Buckingham Research upped their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $47.08.



CMCSA stock opened at $33.13 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 52-week low of $32.74 and a 52-week high of $44.00. The stock has a market cap of $157,263.00, a price-to-earnings ratio of 16.08, a PEG ratio of 1.24 and a beta of 1.17.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that Comcast Co. will post 2.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.29%. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is 36.89%.

In other news, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 6,358 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $33.69, for a total transaction of $214,201.02. Following the transaction, the executive vice president now directly owns 72,758 shares of the company’s stock, valued at approximately $2,451,217.02. The disclosure for this sale can be found here. Insiders have sold 1,399,951 shares of company stock valued at $52,377,633 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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