Rhumbline Advisers increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 0.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,821,913 shares of the cable giant’s stock after purchasing an additional 23,037 shares during the quarter. Rhumbline Advisers owned 0.17% of Comcast worth $393,677,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Comcast during the 3rd quarter worth approximately $26,000. AHL Investment Management Inc. bought a new position in shares of Comcast during the 4th quarter worth approximately $30,000. Sandy Cove Advisors LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $31,000. Emerson Wealth LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $37,000. Finally, Steward Financial Group LLC bought a new position in shares of Comcast during the 4th quarter worth approximately $38,000. 83.33% of the stock is owned by institutional investors and hedge funds.
CMCSA stock traded up $0.09 during trading hours on Friday, hitting $41.48. 29,683,734 shares of the stock were exchanged, compared to its average volume of 28,019,254. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $188.04 billion, a P/E ratio of 13.38, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a 50-day simple moving average of $45.28 and a two-hundred day simple moving average of $48.37. Comcast Co. has a 12 month low of $39.47 and a 12 month high of $61.80.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s payout ratio is 34.84%.
In related news, CEO David N. Watson sold 65,410 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $45.69, for a total value of $2,988,582.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by company insiders.
Several brokerages have recently weighed in on CMCSA. Pivotal Research decreased their price target on shares of Comcast from $62.00 to $57.00 in a research note on Thursday, April 28th. Barclays cut their price objective on Comcast from $56.00 to $48.00 in a report on Friday, April 29th. Truist Financial downgraded 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. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $62.00 to $60.00 in a report on Friday, April 29th. Finally, Royal Bank of Canada raised Comcast from a “sector perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Monday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $59.46.
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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