Tiaa Fsb raised its position in Comcast Co. (NASDAQ:CMCSA) by 0.4% in the 3rd quarter, Holdings Channel reports. The fund owned 429,956 shares of the cable giant’s stock after acquiring an additional 1,516 shares during the period. Tiaa Fsb’s holdings in Comcast were worth $19,382,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its stake in shares of Comcast by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock valued at $27,051,000 after purchasing an additional 19,495 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Comcast by 4.0% in the second quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock valued at $1,838,000 after purchasing an additional 1,675 shares during the period. Cibc Bank USA lifted its stake in shares of Comcast by 23.1% in the second quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock valued at $1,145,000 after purchasing an additional 5,079 shares during the period. Cypress Capital Management LLC acquired a new stake in shares of Comcast in the second quarter valued at about $8,070,000. Finally, Crestline Management LP acquired a new stake in shares of Comcast in the second quarter valued at about $471,000. Institutional investors own 82.75% of the company’s stock.
In related news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares in the company, valued at $1,333,023.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.
NASDAQ:CMCSA traded up $0.20 during mid-day trading on Wednesday, hitting $44.31. 153,287 shares of the company’s stock traded hands, compared to its average volume of 18,171,348. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The firm’s 50 day simple moving average is $45.05 and its 200 day simple moving average is $43.11. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $47.27. The company has a market cap of $202.66 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.08.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The firm had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.08 billion. During the same period last year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, research analysts expect that Comcast Co. will post 3.07 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, October 1st. This represents a $0.84 annualized dividend and a yield of 1.90%. Comcast’s dividend payout ratio (DPR) is currently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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