Calamos Advisors LLC Has $57.47 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Calamos Advisors LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,310,683 shares of the cable giant’s stock after selling 9,004 shares during the period. Calamos Advisors LLC’s holdings in Comcast were worth $57,473,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Everett Harris & Co. CA lifted its position in shares of Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. increased its stake in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after purchasing an additional 1,486 shares during the period. Altus Wealth Group LLC increased its stake in shares of Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after purchasing an additional 1,432 shares during the period. PFG Advisors increased its stake in shares of Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after purchasing an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP bought a new position in shares of Comcast in the third quarter worth about $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.6 %

NASDAQ:CMCSA traded up $0.63 during trading hours on Thursday, hitting $39.62. 15,482,509 shares of the company were exchanged, compared to its average volume of 20,613,371. The stock has a market capitalization of $157.37 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The company has a fifty day simple moving average of $41.89 and a 200 day simple moving average of $42.76.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Sell-side analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CMCSA shares. Wells Fargo & Company dropped their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, Citigroup boosted their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is currently owned by company insiders.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.