Foundations Investment Advisors LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 49.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,826 shares of the cable giant’s stock after buying an additional 16,395 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Comcast were worth $1,742,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Comcast by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 405,068,330 shares of the cable giant’s stock worth $11,880,654,000 after purchasing an additional 2,987,515 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Comcast by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 102,801,153 shares of the cable giant’s stock valued at $3,015,159,000 after buying an additional 1,232,157 shares in the last quarter. FMR LLC raised its position in shares of Comcast by 26.0% during the 2nd quarter. FMR LLC now owns 98,277,592 shares of the cable giant’s stock valued at $3,856,414,000 after buying an additional 20,251,251 shares in the last quarter. Dodge & Cox raised its position in shares of Comcast by 0.4% during the 2nd quarter. Dodge & Cox now owns 85,157,816 shares of the cable giant’s stock valued at $3,341,593,000 after buying an additional 375,326 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Comcast by 0.5% during the 2nd quarter. Northern Trust Corp now owns 50,045,135 shares of the cable giant’s stock valued at $1,963,772,000 after buying an additional 262,241 shares in the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.
Insider Activity at Comcast
In related news, major shareholder Corp Comcast sold 1,610,496 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $2.38, for a total transaction of $3,832,980.48. Following the sale, the insider now owns 25,153,615 shares in the company, valued at $59,865,603.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 7,527,791 shares of company stock worth $19,025,007. 1.11% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Comcast Stock Down 0.6 %
NASDAQ:CMCSA opened at $36.03 on Friday. The firm has a market capitalization of $151.90 billion, a P/E ratio of 30.28, a PEG ratio of 0.76 and a beta of 1.00. Comcast Co. has a 1-year low of $28.39 and a 1-year high of $48.42. The company’s fifty day moving average price is $38.18 and its 200-day moving average price is $35.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.78 and a quick ratio of 0.78.
Comcast (NASDAQ:CMCSA – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $30.55 billion for the quarter, compared to analyst estimates of $30.36 billion. Comcast had a net margin of 4.42% and a return on equity of 18.40%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 3.64 EPS for the current year.
Comcast Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, April 4th. This is a positive change from Comcast’s previous quarterly dividend of $0.27. Comcast’s dividend payout ratio (DPR) is currently 90.76%.
Comcast Company Profile
Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.
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