Veritas Investment Management UK Ltd lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 512,079 shares of the cable giant’s stock after purchasing an additional 27,797 shares during the quarter. Comcast comprises approximately 6.9% of Veritas Investment Management UK Ltd’s holdings, making the stock its 6th largest position. Veritas Investment Management UK Ltd’s holdings in Comcast were worth $19,705,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Connecticut Wealth Management LLC lifted its position in Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares in the last quarter. Financial Consulate Inc. lifted its position in Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares in the last quarter. Clarius Group LLC lifted its position in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its position in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares in the last quarter. Finally, Peoples Bank OH lifted its position in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares in the last quarter. 82.20% of the stock is currently owned by hedge funds and other institutional investors.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock valued at $22,961,401 over the last 90 days. 1.28% of the stock is currently owned by company insiders.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. equities research analysts predict that Comcast Co. will post 2.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.50%. Comcast’s dividend payout ratio (DPR) is 29.72%.
Several equities analysts recently issued reports on CMCSA shares. Nomura lowered their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Buckingham Research upped their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $48.00 price objective (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $46.15.
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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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