Thompson Siegel & Walmsley LLC Purchases 213,447 Shares of Comcast Co. (CMCSA)
Thompson Siegel & Walmsley LLC boosted its position in Comcast Co. (NASDAQ:CMCSA) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 653,064 shares of the cable giant’s stock after acquiring an additional 213,447 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Comcast were worth $21,427,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CMCSA. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Comcast by 108.8% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after purchasing an additional 17,663,290 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Comcast by 9.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 148,275,122 shares of the cable giant’s stock worth $4,864,907,000 after purchasing an additional 12,823,994 shares during the last quarter. BlackRock Inc. raised its stake in shares of Comcast by 2.5% in the first quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock worth $11,052,476,000 after purchasing an additional 7,922,120 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Comcast by 24.1% during the first quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock valued at $1,277,535,000 after acquiring an additional 7,257,371 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in shares of Comcast during the first quarter valued at approximately $198,926,000. Institutional investors and hedge funds own 80.24% of the company’s stock.
NASDAQ:CMCSA opened at $36.68 on Friday. The firm has a market cap of $168.83 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be issued a $0.19 dividend. The ex-dividend date is Tuesday, October 2nd. This represents a $0.76 annualized dividend and a dividend yield of 2.07%. Comcast’s dividend payout ratio is currently 36.89%.
A number of brokerages recently commented on CMCSA. Pivotal Research reaffirmed a “buy” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, June 26th. BidaskClub raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Atlantic Securities downgraded Comcast from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 8th. KeyCorp began coverage on Comcast in a research report on Wednesday, May 16th. They set a “buy” rating and a $38.00 price target for the company. They noted that the move was a valuation call. Finally, Robert W. Baird decreased their price target on Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $45.79.
In related news, SVP Daniel C. Murdock sold 1,694 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total transaction of $52,598.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.31% of the stock is currently owned by insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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