Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 465,963 shares of the cable giant’s stock after buying an additional 4,969 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Comcast were worth $20,954,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Guidant Wealth Advisors purchased a new stake in shares of Comcast in the third quarter valued at about $31,000. Barnett & Company Inc. raised its holdings in shares of Comcast by 427.9% in the fourth quarter. Barnett & Company Inc. now owns 681 shares of the cable giant’s stock valued at $31,000 after purchasing an additional 552 shares during the last quarter. Ogorek Anthony Joseph NY ADV raised its holdings in shares of Comcast by 103.6% in the fourth quarter. Ogorek Anthony Joseph NY ADV now owns 733 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 373 shares during the last quarter. Personal Wealth Partners raised its holdings in shares of Comcast by 44.2% in the third quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock valued at $36,000 after purchasing an additional 242 shares during the last quarter. Finally, Peddock Capital Advisors LLC purchased a new stake in Comcast during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 82.52% of the company’s stock.
Shares of NASDAQ CMCSA traded down $1.17 during mid-day trading on Friday, hitting $44.48. The stock had a trading volume of 28,110,475 shares, compared to its average volume of 16,276,030. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.86 and a current ratio of 0.86. Comcast Co. has a 1 year low of $34.67 and a 1 year high of $47.74. The business has a 50 day moving average price of $44.91 and a two-hundred day moving average price of $44.62. The firm has a market cap of $215.82 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.20 and a beta of 1.05.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.23 per share. This is an increase from Comcast’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Tuesday, March 31st. Comcast’s payout ratio is presently 32.94%.
CMCSA has been the subject of a number of research analyst reports. Citigroup raised their price objective on shares of Comcast from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Oppenheimer initiated coverage on shares of Comcast in a report on Thursday. They set a “buy” rating and a $50.00 price objective for the company. SunTrust Banks raised their price objective on shares of Comcast from $49.00 to $53.00 and gave the stock a “buy” rating in a report on Friday. Sanford C. Bernstein assumed coverage on shares of Comcast in a research note on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 target price for the company. Finally, TD Securities reduced their target price on shares of Comcast from $57.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.83.
In other news, EVP David N. Watson sold 78,100 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the sale, the executive vice president now owns 564,424 shares in the company, valued at approximately $24,648,396.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 508,248 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the transaction, the chief executive officer now owns 4,108,522 shares in the company, valued at approximately $184,801,319.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 591,948 shares of company stock worth $26,526,254. Insiders own 1.35% of the company’s stock.
Comcast Company Profile
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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