Boston Partners Grows Position in Comcast Co. (NASDAQ:CMCSA)
Boston Partners boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,296,383 shares of the cable giant’s stock after buying an additional 2,472,741 shares during the quarter. Comcast makes up approximately 1.8% of Boston Partners’ portfolio, making the stock its 4th biggest position. Boston Partners’ holdings in Comcast were worth $1,371,169,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Acima Private Wealth LLC purchased a new stake in shares of Comcast in the 4th quarter worth approximately $25,000. Clean Yield Group acquired a new stake in Comcast during the first quarter valued at $25,000. Mackey Komara & Dankovich LLC purchased a new position in Comcast during the first quarter valued at $27,000. Litman Gregory Asset Management LLC purchased a new position in Comcast during the fourth quarter valued at $30,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of Comcast in the fourth quarter worth about $46,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Arthur R. Block sold 13,765 shares of Comcast stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $39.43, for a total transaction of $542,753.95. Following the transaction, the executive vice president now owns 68,878 shares in the company, valued at approximately $2,715,859.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the completion of the sale, the executive vice president now owns 1,078,189 shares in the company, valued at approximately $46,739,493.15. The disclosure for this sale can be found here. Insiders have sold 849,537 shares of company stock valued at $35,489,480 in the last ninety days. Insiders own 1.35% of the company’s stock.
Shares of CMCSA opened at $41.22 on Wednesday. Comcast Co. has a 52 week low of $30.99 and a 52 week high of $43.96. The company has a market cap of $188.26 billion, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.73.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. The firm had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. Analysts expect that Comcast Co. will post 3.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, July 2nd. Comcast’s dividend payout ratio is 32.94%.
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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