Cipher Capital LP Invests $1.55 Million in Comcast Co. (CMCSA) Stock
Cipher Capital LP acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,578 shares of the cable giant’s stock, valued at approximately $1,552,000.
Other large investors have also recently bought and sold shares of the company. CI Investments Inc. lifted its stake in Comcast by 4.5% in the third quarter. CI Investments Inc. now owns 4,547,699 shares of the cable giant’s stock worth $161,034,000 after acquiring an additional 196,200 shares during the period. GAM Holding AG lifted its stake in Comcast by 39.6% in the third quarter. GAM Holding AG now owns 15,930 shares of the cable giant’s stock worth $564,000 after acquiring an additional 4,520 shares during the period. LPL Financial LLC lifted its stake in Comcast by 6.4% in the third quarter. LPL Financial LLC now owns 840,123 shares of the cable giant’s stock worth $29,749,000 after acquiring an additional 50,397 shares during the period. Matarin Capital Management LLC purchased a new stake in Comcast in the third quarter worth $4,997,000. Finally, Vident Investment Advisory LLC lifted its stake in Comcast by 5.9% in the third quarter. Vident Investment Advisory LLC now owns 25,949 shares of the cable giant’s stock worth $919,000 after acquiring an additional 1,444 shares during the period. 81.14% of the stock is owned by institutional investors.
CMCSA opened at $41.08 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $190.61 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.20 and a beta of 1.10. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $41.28.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 2.04%. Comcast’s dividend payout ratio (DPR) is presently 32.94%.
In other news, CAO Daniel C. Murdock sold 919 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.36, for a total transaction of $37,090.84. Following the completion of the transaction, the chief accounting officer now directly owns 3,453 shares in the company, valued at $139,363.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 845 shares of the firm’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the transaction, the senior vice president now owns 1,005 shares of the company’s stock, valued at $35,727.75. The disclosure for this sale can be found here. Insiders have sold 1,284,720 shares of company stock valued at $49,080,076 over the last 90 days. Corporate insiders own 1.31% of the company’s stock.
A number of analysts recently commented on CMCSA shares. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Macquarie reaffirmed a “hold” rating and issued a $39.00 price target on shares of Comcast in a research note on Monday, December 24th. Royal Bank of Canada downgraded Comcast from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $45.00 to $42.00 in a report on Friday, March 29th. BidaskClub downgraded Comcast from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, TD Securities increased their price objective on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, January 24th. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $44.47.
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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