MML Investors Services LLC Has $4.85 Million Stake in Comcast Corporation (CMCSA)
MML Investors Services LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 124,686 shares of the cable giant’s stock after purchasing an additional 2,182 shares during the quarter. MML Investors Services LLC’s holdings in Comcast were worth $4,853,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation grew its position in Comcast by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares during the last quarter. First Bank & Trust grew its position in Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares during the last quarter. Founders Capital Management bought a new position in Comcast in the 1st quarter valued at $113,000. Pacific Center for Financial Services grew its position in Comcast by 133.0% in the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after acquiring an additional 1,788 shares during the last quarter. Finally, Partners Capital Investment Group Holdings LLC grew its position in Comcast by 100.0% in the 1st quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock valued at $131,000 after acquiring an additional 1,744 shares during the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $38.43 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $175,453.38, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.79 and a beta of 1.01. Comcast Corporation has a 12 month low of $34.03 and a 12 month high of $42.18.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is currently 30.36%.
In other Comcast news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Several equities analysts have commented on the company. Moffett Nathanson raised Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine cut Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Barclays lowered their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Finally, OTR Global cut Comcast to a “positive” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.93.
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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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