Banco Santander S.A. Grows Stake in Comcast Co. (NASDAQ:CMCSA)

Banco Santander S.A. raised its stake in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 813.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 163,757 shares of the cable giant’s stock after buying an additional 145,838 shares during the period. Banco Santander S.A.’s holdings in Comcast were worth $7,667,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealthsource Partners LLC boosted its holdings in shares of Comcast by 7.4% during the first quarter. Wealthsource Partners LLC now owns 16,669 shares of the cable giant’s stock worth $780,000 after purchasing an additional 1,153 shares during the last quarter. Lindenwold Advisors boosted its holdings in shares of Comcast by 4.1% during the first quarter. Lindenwold Advisors now owns 35,269 shares of the cable giant’s stock worth $1,651,000 after purchasing an additional 1,378 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its holdings in shares of Comcast by 29.4% during the first quarter. ICICI Prudential Asset Management Co Ltd now owns 188,424 shares of the cable giant’s stock worth $8,986,000 after purchasing an additional 42,772 shares during the last quarter. Shufro Rose & Co. LLC boosted its holdings in shares of Comcast by 6.1% during the first quarter. Shufro Rose & Co. LLC now owns 8,462 shares of the cable giant’s stock worth $396,000 after purchasing an additional 490 shares during the last quarter. Finally, Lincoln National Corp boosted its holdings in shares of Comcast by 6.1% during the first quarter. Lincoln National Corp now owns 53,180 shares of the cable giant’s stock worth $2,490,000 after purchasing an additional 3,070 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Transactions at Comcast

In other news, CAO Daniel C. Murdock sold 8,929 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $44.50, for a total transaction of $397,340.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,817 shares in the company, valued at $80,856.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMCSA shares. JPMorgan Chase & Co. cut Comcast from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $52.00 to $45.00 in a report on Friday, July 29th. Daiwa Capital Markets assumed coverage on Comcast in a report on Friday, July 1st. They issued an “outperform” rating and a $43.00 target price on the stock. Morgan Stanley reduced their target price on Comcast from $60.00 to $55.00 in a report on Friday, April 29th. Pivotal Research reduced their target price on Comcast from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, July 29th. Finally, TD Securities lifted their target price on Comcast from $60.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Hold” and an average target price of $52.52.

Comcast Stock Down 1.7 %

NASDAQ:CMCSA opened at $38.27 on Friday. The company has a market capitalization of $168.89 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.81 and a beta of 0.91. Comcast Co. has a one year low of $36.57 and a one year high of $61.80. The stock has a 50-day simple moving average of $40.48 and a 200 day simple moving average of $44.14. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.44 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSAGet Rating) last issued its earnings results on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The company had revenue of $30.02 billion during the quarter, compared to the consensus estimate of $29.72 billion. During the same period in the previous year, the firm posted $0.84 earnings per share. Comcast’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 3.62 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.82%. Comcast’s dividend payout ratio is presently 35.29%.

Comcast Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAGet Rating).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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