Comcast Corporation (CMCSA) Position Boosted by Colony Group LLC
Colony Group LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 88.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,158 shares of the cable giant’s stock after acquiring an additional 66,903 shares during the period. Colony Group LLC’s holdings in Comcast were worth $5,533,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CMCSA. Vanguard Group Inc. grew its stake in Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. Clearbridge Investments LLC grew its stake in Comcast by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Comcast by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after buying an additional 680,012 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Comcast by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock worth $2,048,075,000 after buying an additional 522,139 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Comcast by 6.0% in the 2nd quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after buying an additional 1,839,436 shares in the last quarter. 82.50% of the stock is owned by institutional investors.
Shares of Comcast Corporation (CMCSA) opened at $39.51 on Wednesday. Comcast Corporation has a 1-year low of $34.12 and a 1-year high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market cap of $179,659.75, a price-to-earnings ratio of 19.08, a P/E/G ratio of 1.84 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the business posted $0.92 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. equities analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.59%. Comcast’s dividend payout ratio is currently 30.36%.
In other Comcast news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
CMCSA has been the subject of a number of research reports. UBS reissued an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. Barclays cut their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. KeyCorp reissued a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $45.72.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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