British Airways Pensions Investment Management Ltd increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 180.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,163,051 shares of the cable giant’s stock after buying an additional 747,815 shares during the period. Comcast Corporation accounts for about 1.3% of British Airways Pensions Investment Management Ltd’s investment portfolio, making the stock its 23rd largest position. British Airways Pensions Investment Management Ltd’s holdings in Comcast Corporation were worth $43,696,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CMCSA. FMR LLC raised its position in Comcast Corporation by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock worth $3,433,960,000 after buying an additional 6,973,366 shares in the last quarter. Glenview Trust Co acquired a new position in Comcast Corporation during the fourth quarter worth $650,000. Barber Financial Group Inc. acquired a new position in Comcast Corporation during the fourth quarter worth $201,000. Aspiriant LLC raised its position in Comcast Corporation by 0.4% in the fourth quarter. Aspiriant LLC now owns 45,762 shares of the cable giant’s stock worth $3,160,000 after buying an additional 188 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in Comcast Corporation by 30.8% in the fourth quarter. Martingale Asset Management L P now owns 722,328 shares of the cable giant’s stock worth $49,878,000 after buying an additional 170,100 shares in the last quarter. Institutional investors own 82.46% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) traded up 0.03% on Thursday, hitting $39.36. 47,233,737 shares of the stock were exchanged. The company’s 50 day moving average is $39.78 and its 200-day moving average is $38.47. The stock has a market cap of $186.68 billion, a PE ratio of 20.88 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. Comcast Corporation also saw some unusual options trading activity on Wednesday. Investors bought 17,930 put options on the stock. This represents an increase of 762% compared to the typical daily volume of 2,081 put options.
Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Analysts predict that Comcast Corporation will post $1.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.60%. Comcast Corporation’s dividend payout ratio (DPR) is presently 33.51%.
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A number of research firms recently weighed in on CMCSA. Instinet reiterated a “buy” rating and issued a $46.00 price objective on shares of Comcast Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Royal Bank Of Canada boosted their price target on shares of Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, TD Securities assumed coverage on shares of Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Comcast Corporation currently has a consensus rating of “Buy” and an average target price of $44.68.
In related news, EVP Stephen B. Burke sold 258,380 shares of Comcast Corporation stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the transaction, the executive vice president now directly owns 980,498 shares in the company, valued at approximately $38,229,617.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
About Comcast Corporation
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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