O Shaughnessy Asset Management LLC Acquires New Holdings in Comcast Co. (CMCSA)

O Shaughnessy Asset Management LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,426 shares of the cable giant’s stock, valued at approximately $866,000.

Several other hedge funds have also recently bought and sold shares of CMCSA. Capital International Investors boosted its holdings in shares of Comcast by 363.4% in the third quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock valued at $4,343,930,000 after acquiring an additional 96,201,446 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Comcast by 6,558.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,520,863 shares of the cable giant’s stock valued at $984,000 after acquiring an additional 33,017,459 shares during the period. FMR LLC boosted its holdings in shares of Comcast by 10.2% in the third quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock valued at $4,366,565,000 after acquiring an additional 11,459,543 shares during the period. Sound Shore Management Inc. CT acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $151,101,000. Finally, BlackRock Inc. boosted its holdings in shares of Comcast by 1.0% in the third quarter. BlackRock Inc. now owns 318,519,731 shares of the cable giant’s stock valued at $11,278,785,000 after acquiring an additional 3,046,799 shares during the period. 81.10% of the stock is owned by institutional investors and hedge funds.

CMCSA has been the subject of several recent research reports. Macquarie reaffirmed a “hold” rating and set a $39.00 price target on shares of Comcast in a report on Monday, December 24th. TD Securities increased their price target on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 24th. BidaskClub downgraded Comcast from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and set a $44.00 price target on shares of Comcast in a report on Tuesday, January 22nd. Finally, ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average target price of $43.60.

In other news, EVP Arthur R. Block sold 4,129 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $33.80, for a total value of $139,560.20. Following the completion of the transaction, the executive vice president now owns 67,912 shares in the company, valued at $2,295,425.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David L. Cohen sold 275,746 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total value of $10,205,359.46. Following the completion of the transaction, the executive vice president now owns 650,656 shares of the company’s stock, valued at approximately $24,080,778.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,113,737 shares of company stock valued at $42,237,987. Company insiders own 1.31% of the company’s stock.

Shares of CMCSA stock opened at $39.46 on Monday. Comcast Co. has a fifty-two week low of $30.43 and a fifty-two week high of $40.52. The firm has a market capitalization of $183.27 billion, a PE ratio of 15.47, a PEG ratio of 1.18 and a beta of 1.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. During the same quarter last year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 26.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Comcast Co. will post 2.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.21 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is currently 29.80%.

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Comcast 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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