Comcast Co. (CMCSA) Position Lowered by Yacktman Asset Management LP
Yacktman Asset Management LP cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,944,200 shares of the cable giant’s stock after selling 32,500 shares during the quarter. Comcast comprises approximately 0.8% of Yacktman Asset Management LP’s investment portfolio, making the stock its 21st biggest position. Yacktman Asset Management LP’s holdings in Comcast were worth $77,865,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Janus Henderson Group PLC boosted its stake in shares of Comcast by 1,581.1% during 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 purchasing an additional 26,522,368 shares during the period. Vanguard Group Inc. boosted its stake in shares of Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Capital International Investors boosted its stake in shares of Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after purchasing an additional 6,467,802 shares during the period. 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. Finally, Boston Partners boosted its position in Comcast by 30.8% in the 4th quarter. Boston Partners now owns 18,196,081 shares of the cable giant’s stock valued at $728,753,000 after buying an additional 4,283,973 shares during the period. 82.59% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Co. (NASDAQ CMCSA) opened at $37.13 on Friday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $172,450.00, a PE ratio of 17.68, a PEG ratio of 1.34 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.05%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. Comcast’s payout ratio is currently 30.00%.
Several equities research analysts have issued reports on CMCSA shares. Morgan Stanley boosted their price objective on shares of Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and boosted their price objective for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Wells Fargo & Co boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Robert W. Baird reissued a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Finally, 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, January 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $50.39.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 915,605 shares of company stock valued at $35,906,374. 1.28% of the stock is currently owned by company insiders.
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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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