Daiwa Securities Group Inc. Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)
Daiwa Securities Group Inc. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 229,047 shares of the cable giant’s stock after acquiring an additional 12,751 shares during the period. Daiwa Securities Group Inc.’s holdings in Comcast were worth $10,325,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Outlook Wealth Advisors LLC lifted its stake in Comcast by 2.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 9,741 shares of the cable giant’s stock worth $439,000 after purchasing an additional 219 shares in the last quarter. Archford Capital Strategies LLC raised its position in shares of Comcast by 6.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after buying an additional 240 shares during the period. Golden State Wealth Management LLC raised its position in shares of Comcast by 3.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 6,853 shares of the cable giant’s stock valued at $309,000 after buying an additional 241 shares during the period. Personal Wealth Partners raised its position in shares of Comcast by 44.2% during the 3rd quarter. Personal Wealth Partners now owns 790 shares of the cable giant’s stock valued at $36,000 after buying an additional 242 shares during the period. Finally, Ironwood Investment Counsel LLC raised its position in shares of Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after buying an additional 243 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.
NASDAQ CMCSA traded up $0.50 on Friday, reaching $45.20. The stock had a trading volume of 806,611 shares, compared to its average volume of 15,041,608. The firm has a market capitalization of $201.44 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.18 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $47.27. The stock has a fifty day moving average price of $45.18 and a two-hundred day moving average price of $43.79.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. Comcast’s dividend payout ratio (DPR) is 32.94%.
Several analysts have recently commented on the stock. Pivotal Research lifted their price target on shares of Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research report on Thursday, September 5th. Citigroup boosted their target price on Comcast from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Morgan Stanley set a $53.00 target price on Comcast and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Sanford C. Bernstein assumed coverage on Comcast in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company. Comcast currently has an average rating of “Buy” and an average price target of $50.52.
In other Comcast news, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now owns 3,419 shares in the company, valued at $151,222.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sheldon M. Bonovitz sold 5,600 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $45.47, for a total transaction of $254,632.00. Following the completion of the transaction, the director now owns 27,912 shares of the company’s stock, valued at approximately $1,269,158.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 518,696 shares of company stock valued at $23,333,254. Insiders own 1.35% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Featured Article: Technical Analysis of Stocks and What It Means
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.