Albert D Mason Inc. raised its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 5.4% in the fourth quarter, Holdings Channel reports. The fund owned 25,767 shares of the cable giant’s stock after acquiring an additional 1,327 shares during the period. Albert D Mason Inc.’s holdings in Comcast were worth $901,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Comcast by 0.7% in the third quarter. Vanguard Group Inc. now owns 405,068,330 shares of the cable giant’s stock valued at $11,880,654,000 after acquiring an additional 2,987,515 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Comcast by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 102,801,153 shares of the cable giant’s stock worth $3,015,159,000 after buying an additional 1,232,157 shares during the period. FMR LLC boosted its position in shares of Comcast by 26.0% during the second quarter. FMR LLC now owns 98,277,592 shares of the cable giant’s stock worth $3,856,414,000 after buying an additional 20,251,251 shares during the period. Dodge & Cox boosted its position in shares of Comcast by 0.4% during the second quarter. Dodge & Cox now owns 85,157,816 shares of the cable giant’s stock worth $3,341,593,000 after buying an additional 375,326 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Comcast by 0.5% during the second quarter. Northern Trust Corp now owns 50,045,135 shares of the cable giant’s stock worth $1,963,772,000 after buying an additional 262,241 shares during the period. 82.23% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on CMCSA. Barclays upped their price objective on Comcast from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 2nd. TheStreet raised Comcast from a “c” rating to a “b-” rating in a research report on Thursday, January 26th. Wells Fargo & Company upped their price objective on Comcast from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, January 27th. Bank of America reiterated a “neutral” rating and set a $44.00 target price on shares of Comcast in a report on Tuesday, February 28th. Finally, Rosenblatt Securities upped their target price on Comcast from $32.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.29.
Comcast Trading Down 0.6 %
Comcast (NASDAQ:CMCSA – Get Rating) last issued its earnings results on Thursday, January 26th. The cable giant reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Comcast had a return on equity of 18.40% and a net margin of 4.42%. The firm had revenue of $30.55 billion for the quarter, compared to the consensus estimate of $30.36 billion. During the same quarter last year, the business posted $0.77 EPS. The company’s revenue was up .7% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 3.64 EPS for the current fiscal year.
Comcast Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from Comcast’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 4th. Comcast’s dividend payout ratio is presently 90.76%.
In other news, major shareholder Corp Comcast sold 1,977,877 shares of the stock in a transaction on Monday, January 30th. The stock was sold at an average price of $3.27, for a total value of $6,467,657.79. Following the completion of the transaction, the insider now directly owns 28,902,123 shares in the company, valued at approximately $94,509,942.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 7,527,791 shares of company stock worth $19,025,007. Insiders own 1.11% of the company’s stock.
Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.
- Get a free copy of the StockNews.com research report on Comcast (CMCSA)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA – Get Rating).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.