Comcast Corporation (CMCSA) Stake Lowered by HM Payson & Co.
HM Payson & Co. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,802 shares of the cable giant’s stock after selling 3,086 shares during the period. HM Payson & Co.’s holdings in Comcast were worth $1,339,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in CMCSA. Janus Henderson Group PLC grew its stake in shares of Comcast by 1,581.1% in the 2nd 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Comcast by 2.8% in the 2nd 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 in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares during the period. Prudential Financial Inc. boosted its stake in shares of Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock worth $476,934,000 after purchasing an additional 3,513,006 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new position in shares of Comcast during the 2nd quarter worth about $136,220,000. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $40.48 on Tuesday. The company has a market cap of $189,190.00, a PE ratio of 19.09, a PEG ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 12-month low of $34.78 and a 12-month high of $42.18.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 29.72%.
Several research firms have issued reports on CMCSA. Buckingham Research boosted their price objective on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Robert W. Baird reissued an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. Finally, Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $45.80.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the transaction, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 over the last quarter. Company insiders own 1.28% of the company’s stock.
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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.
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