Van Hulzen Asset Management LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

Van Hulzen Asset Management LLC increased its holdings in Comcast Co. (NASDAQ:CMCSAGet Rating) by 304.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,376 shares of the cable giant’s stock after acquiring an additional 20,600 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Comcast were worth $1,380,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in Comcast by 94.2% in the third quarter. Nordea Investment Management AB now owns 34,813,980 shares of the cable giant’s stock worth $1,978,130,000 after purchasing an additional 16,883,869 shares in the last quarter. Viking Global Investors LP bought a new position in Comcast in the third quarter worth about $569,179,000. Capital Research Global Investors raised its holdings in Comcast by 5.7% in the third quarter. Capital Research Global Investors now owns 143,483,719 shares of the cable giant’s stock worth $8,025,044,000 after purchasing an additional 7,794,333 shares in the last quarter. Egerton Capital UK LLP raised its holdings in Comcast by 60.4% in the third quarter. Egerton Capital UK LLP now owns 16,274,833 shares of the cable giant’s stock worth $910,251,000 after purchasing an additional 6,130,333 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Comcast by 22.6% in the third quarter. UBS Asset Management Americas Inc. now owns 24,557,276 shares of the cable giant’s stock worth $1,373,488,000 after purchasing an additional 4,523,041 shares in the last quarter. 82.58% of the stock is owned by institutional investors.

Shares of CMCSA traded up $0.96 during midday trading on Tuesday, reaching $47.82. The company had a trading volume of 701,329 shares, compared to its average volume of 22,087,365. Comcast Co. has a 1-year low of $44.27 and a 1-year high of $61.80. The stock has a market cap of $216.78 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92. The firm has a 50 day simple moving average of $47.00 and a 200-day simple moving average of $49.88. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.00.

Comcast (NASDAQ:CMCSAGet Rating) last issued its earnings results on Thursday, January 27th. The cable giant reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $30.34 billion during the quarter, compared to the consensus estimate of $29.63 billion. Comcast had a return on equity of 15.61% and a net margin of 12.17%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $0.56 EPS. As a group, sell-side analysts anticipate that Comcast Co. will post 3.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 27th. Investors of record on Wednesday, April 6th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Comcast’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 5th. Comcast’s dividend payout ratio (DPR) is presently 35.64%.

CMCSA has been the topic of several recent analyst reports. Oppenheimer cut their price objective on shares of Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, April 14th. Barclays cut their price objective on shares of Comcast from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Friday, January 28th. Truist Financial downgraded shares of Comcast from a “buy” rating to a “hold” rating and cut their price objective for the company from $70.00 to $50.00 in a report on Tuesday, March 1st. TD Securities upped their price objective on shares of Comcast from $69.00 to $70.00 and gave the company a “buy” rating in a report on Friday, January 28th. Finally, Rosenblatt Securities started coverage on shares of Comcast in a report on Tuesday. They set a “neutral” rating and a $51.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $61.44.

In related news, CEO David N. Watson sold 65,410 shares of the firm’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.04% of the stock is currently owned by company insiders.

Comcast Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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