QS Investors LLC Sells 18,340 Shares of Comcast Co. (CMCSA)
QS Investors LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.4% during the 4th quarter, HoldingsChannel reports. The fund owned 518,833 shares of the cable giant’s stock after selling 18,340 shares during the period. QS Investors LLC’s holdings in Comcast were worth $20,779,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sky Investment Group LLC increased its position in shares of Comcast by 7.3% during the 4th quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock valued at $1,487,000 after purchasing an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC increased its position in shares of Comcast by 32.1% during the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after purchasing an additional 25,508 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Comcast by 1.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock valued at $4,016,000 after purchasing an additional 1,853 shares during the last quarter. Swiss National Bank increased its position in shares of Comcast by 0.9% during the 3rd quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after purchasing an additional 162,000 shares during the last quarter. Finally, Buckley Wealth Management LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $755,000. 83.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of CMCSA stock opened at $33.53 on Tuesday. Comcast Co. has a twelve month low of $32.74 and a twelve month high of $44.00. The firm has a market capitalization of $153,361.63, a price-to-earnings ratio of 16.28, a PEG ratio of 1.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.27%. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is currently 36.89%.
CMCSA has been the topic of several analyst reports. Pivotal Research reissued a “buy” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, December 19th. Buckingham Research upped their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Evercore ISI reaffirmed an “outperform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Morgan Stanley upped their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and upped their price objective for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $47.08.
In related news, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares in the company, valued at approximately $51,641,615.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 1,891 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $35.60, for a total value of $67,319.60. Following the sale, the senior vice president now owns 2,585 shares of the company’s stock, valued at $92,026. The disclosure for this sale can be found here. Insiders sold a total of 1,399,951 shares of company stock valued at $52,377,633 over the last quarter. Company insiders own 1.28% of the company’s stock.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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