Webster Bank N. A. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 23.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,294 shares of the cable giant’s stock after selling 1,600 shares during the period. Webster Bank N. A.’s holdings in Comcast were worth $224,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. FMR LLC grew its position in Comcast by 3.9% in the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock valued at $4,364,136,000 after acquiring an additional 4,854,006 shares during the period. Geode Capital Management LLC grew its position in Comcast by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock valued at $2,165,450,000 after acquiring an additional 5,992,911 shares during the period. Dimensional Fund Advisors LP grew its position in Comcast by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,579,451 shares of the cable giant’s stock valued at $1,824,544,000 after acquiring an additional 326,417 shares during the period. Norges Bank bought a new stake in Comcast in the fourth quarter valued at $1,590,157,000. Finally, Boston Partners grew its position in Comcast by 7.8% in the first quarter. Boston Partners now owns 34,296,383 shares of the cable giant’s stock valued at $1,371,169,000 after acquiring an additional 2,472,741 shares during the period. Institutional investors and hedge funds own 82.58% of the company’s stock.
Shares of CMCSA traded down $0.23 during trading hours on Friday, hitting $42.65. 20,701,163 shares of the stock traded hands, compared to its average volume of 15,571,986. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.30. Comcast Co. has a 1-year low of $32.61 and a 1-year high of $45.29. The stock has a market capitalization of $195.93 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.19 and a beta of 1.08. The firm has a fifty day simple moving average of $43.51.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Tuesday, July 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
In other news, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the transaction, the senior vice president now owns 4,712 shares of the company’s stock, valued at $195,359.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.35% of the company’s stock.
A number of brokerages have weighed in on CMCSA. KeyCorp upped their price target on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Raymond James lowered Comcast from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $25.00 to $21.00 in a research note on Friday, June 14th. Barclays boosted their price objective on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Rosenblatt Securities started coverage on Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Nomura boosted their price objective on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.27.
Comcast Company 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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