Comcast Co. (CMCSA) Position Raised by Court Place Advisors LLC
Court Place Advisors LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 142.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 13,613 shares of the cable giant’s stock after acquiring an additional 8,000 shares during the period. Court Place Advisors LLC’s holdings in Comcast were worth $545,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after acquiring an additional 8,677,771 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after purchasing an additional 432,491 shares in the last quarter. Capital International Investors lifted its holdings in shares of Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after purchasing an additional 6,467,802 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in shares of Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after purchasing an additional 1,189,200 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Comcast by 6.0% in the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after purchasing an additional 1,839,436 shares in the last quarter. 82.26% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently weighed in on the company. Macquarie restated a “buy” rating and issued a $40.00 target price on shares of Comcast in a report on Thursday, December 7th. Pivotal Research restated a “buy” rating and issued a $52.00 target price on shares of Comcast in a report on Wednesday, January 24th. Nomura restated a “neutral” rating and issued a $42.00 target price (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Instinet lowered Comcast from a “buy” rating to a “neutral” rating and raised their target price for the company from $42.00 to $45.00 in a report on Thursday, January 18th. Finally, SunTrust Banks raised their target price on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the stock. Comcast presently has an average rating of “Buy” and a consensus price target of $50.39.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $36.49 on Friday. The stock has a market capitalization of $169,478.06, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a one year low of $34.78 and a one year high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. equities research analysts predict that Comcast Co. will post 2.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 2.08%. Comcast’s payout ratio is presently 13.21%.
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.
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).
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.