Henderson Group PLC Acquires 898,642 Shares of Comcast Corporation (NASDAQ:CMCSA)
Henderson Group PLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 115.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,677,430 shares of the cable giant’s stock after buying an additional 898,642 shares during the period. Henderson Group PLC’s holdings in Comcast Corporation were worth $63,063,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new position in shares of Comcast Corporation during the fourth quarter worth about $1,436,000. Marshall Wace LLP boosted its position in shares of Comcast Corporation by 7.1% in the fourth quarter. Marshall Wace LLP now owns 2,391,941 shares of the cable giant’s stock worth $165,163,000 after buying an additional 157,970 shares during the period. Elkfork Partners LLC bought a new position in shares of Comcast Corporation during the fourth quarter worth about $4,869,000. Aviva PLC boosted its position in shares of Comcast Corporation by 1.0% in the fourth quarter. Aviva PLC now owns 1,735,849 shares of the cable giant’s stock worth $120,034,000 after buying an additional 17,360 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Comcast Corporation by 833.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,451,975 shares of the cable giant’s stock worth $307,835,000 after buying an additional 3,975,123 shares during the period. Institutional investors and hedge funds own 82.48% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) traded down 0.25% during trading on Friday, hitting $39.60. 11,461,198 shares of the stock traded hands. The firm has a market cap of $186.65 billion, a PE ratio of 19.95 and a beta of 1.01. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm has a 50-day moving average price of $39.64 and a 200 day moving average price of $38.61.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
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CMCSA has been the topic of a number of recent research reports. Telsey Advisory Group raised their price objective on Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Credit Suisse Group raised their price objective on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Robert W. Baird reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Comcast Corporation in a research note on Friday, April 7th. Finally, Instinet reissued a “buy” rating and issued a $43.00 target price (down from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.33.
In other Comcast Corporation news, EVP Stephen B. Burke sold 258,380 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the sale, the executive vice president now directly owns 980,498 shares in the company, valued at $38,229,617.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the director now owns 26,812 shares of the company’s stock, valued at $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
About Comcast Corporation
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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