Numeric Investors LLC Has $143.74 Million Holdings in Comcast Corporation (CMCSA)
Numeric Investors LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1,116.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,693,280 shares of the cable giant’s stock after buying an additional 3,389,700 shares during the quarter. Comcast comprises 1.3% of Numeric Investors LLC’s portfolio, making the stock its 15th biggest holding. Numeric Investors LLC owned 0.08% of Comcast worth $143,742,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Comcast by 2.8% during 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. State Street Corp boosted its holdings in Comcast by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after acquiring an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its holdings in Comcast by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Bank of New York Mellon Corp boosted its holdings in Comcast by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after acquiring an additional 680,012 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Comcast by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock valued at $2,048,075,000 after acquiring an additional 522,139 shares during the period. 82.50% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $37.95 on Friday. 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 one year low of $34.12 and a one year high of $42.18. The firm has a market cap of $177,089.19, a PE ratio of 18.80, a P/E/G ratio of 1.81 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. research analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
A number of research firms have issued reports on CMCSA. Moffett Nathanson restated a “buy” rating on shares of Comcast in a report on Monday, October 16th. OTR Global cut shares of Comcast to a “positive” rating in a report on Monday, October 30th. Buckingham Research began coverage on shares of Comcast in a report on Monday, November 20th. They set a “buy” rating and a $48.00 price target for the company. Wells Fargo & Company restated a “buy” rating and set a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. Finally, Nomura decreased their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $45.72.
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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