Comcast Co. (CMCSA) Shares Bought by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 23.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,505 shares of the cable giant’s stock after acquiring an additional 11,484 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Comcast were worth $2,423,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its position in Comcast by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after buying an additional 26,522,368 shares during the period. Vanguard Group Inc. increased its position in Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares during the period. Capital International Investors increased its position in Comcast by 23.3% during the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the period. UBS Asset Management Americas Inc. increased its position in Comcast by 38.4% during the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after buying an additional 5,108,525 shares during the period. Finally, Rockefeller Financial Services Inc. increased its position in Comcast by 4,476.3% during the fourth quarter. Rockefeller Financial Services Inc. now owns 5,151,384 shares of the cable giant’s stock worth $206,314,000 after buying an additional 5,038,817 shares during the period. 83.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $33.23 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 12 month low of $33.21 and a 12 month high of $44.00. The firm has a market capitalization of $160,560.59, a P/E ratio of 6.97, a P/E/G ratio of 1.25 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is an increase from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.29%. Comcast’s payout ratio is 13.21%.
Several research firms have commented on CMCSA. Nomura reaffirmed a “neutral” rating and set a $42.00 price target (down previously from $45.00) on shares of Comcast in a research report on Thursday, January 18th. UBS cut their price target on Comcast from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank set a $52.00 target price on Comcast and gave the company a “buy” rating in a research note on Friday, January 19th. BidaskClub downgraded Comcast from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 14th. Finally, Pivotal Research reiterated a “buy” rating and issued a $52.00 target price on shares of Comcast in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and an average price target of $50.25.
In other Comcast news, Chairman Brian L. Roberts sold 691,105 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total transaction of $25,246,065.65. Following the sale, the chairman now directly owns 1,717,788 shares in the company, valued at $62,750,795.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.51, for a total value of $8,109,037.56. Following the sale, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,386,660 shares of company stock worth $51,959,317. Company insiders own 1.28% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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