M&G Plc Buys New Holdings in Comcast Co. (NASDAQ:CMCSA)

M&G Plc bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,051,693 shares of the cable giant’s stock, valued at approximately $88,223,000. M&G Plc owned 0.05% of Comcast at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Banco Santander S.A. raised its stake in Comcast by 0.4% during the 1st quarter. Banco Santander S.A. now owns 235,642 shares of the cable giant’s stock valued at $10,215,000 after purchasing an additional 982 shares during the period. Tocqueville Asset Management L.P. grew its holdings in Comcast by 36.1% during the 1st quarter. Tocqueville Asset Management L.P. now owns 410,770 shares of the cable giant’s stock valued at $17,807,000 after buying an additional 108,978 shares in the last quarter. Motco grew its holdings in Comcast by 2.3% during the 1st quarter. Motco now owns 349,628 shares of the cable giant’s stock valued at $15,156,000 after buying an additional 7,789 shares in the last quarter. 1ST Source Bank grew its holdings in Comcast by 2.5% during the 1st quarter. 1ST Source Bank now owns 24,590 shares of the cable giant’s stock valued at $1,066,000 after buying an additional 608 shares in the last quarter. Finally, Cumberland Partners Ltd grew its holdings in Comcast by 41.3% during the 1st quarter. Cumberland Partners Ltd now owns 55,500 shares of the cable giant’s stock valued at $2,406,000 after buying an additional 16,213 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.1 %

Shares of CMCSA traded down $0.06 during trading hours on Friday, hitting $40.08. The company had a trading volume of 19,305,172 shares, compared to its average volume of 19,952,288. The company has a market capitalization of $157.26 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company’s fifty day moving average price is $38.60 and its two-hundred day moving average price is $40.82.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.09%. Comcast’s payout ratio is presently 32.80%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI cut their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Macquarie dropped their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.53.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.