Global Thematic Partners LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 20.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 885,564 shares of the cable giant’s stock after selling 231,703 shares during the period. Comcast accounts for 2.0% of Global Thematic Partners LLC’s holdings, making the stock its 20th biggest position. Global Thematic Partners LLC’s holdings in Comcast were worth $37,441,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PDS Planning Inc purchased a new position in shares of Comcast in the first quarter worth about $226,000. Resources Investment Advisors Inc. boosted its stake in Comcast by 26.1% in the fourth quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock worth $184,000 after purchasing an additional 1,117 shares in the last quarter. Haverford Trust Co. boosted its stake in Comcast by 0.3% in the fourth quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock worth $105,904,000 after purchasing an additional 8,001 shares in the last quarter. Ascent Wealth Partners LLC acquired a new position in Comcast in the fourth quarter worth $2,817,000. Finally, Ellis Investment Partners LLC boosted its stake in Comcast by 3,908.4% in the first quarter. Ellis Investment Partners LLC now owns 300,389 shares of the cable giant’s stock worth $300,000 after purchasing an additional 292,895 shares in the last quarter. 82.59% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CMCSA traded up $0.02 during mid-day trading on Friday, hitting $44.63. 12,281,604 shares of the stock traded hands, compared to its average volume of 17,100,644. The stock has a market cap of $203.64 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.07. Comcast Co. has a 52 week low of $32.61 and a 52 week high of $45.29. The stock has a 50 day moving average price of $43.11. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.03. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The company’s revenue was up 23.6% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 3.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Comcast’s payout ratio is 32.94%.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the completion of the sale, the senior vice president now owns 4,712 shares of the company’s stock, valued at $195,359.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.35% of the company’s stock.
Several brokerages have recently issued reports on CMCSA. Raymond James reaffirmed a “hold” rating on shares of Broadcom in a research note on Friday, June 14th. Macquarie initiated coverage on Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price objective for the company. Royal Bank of Canada upped their price objective on PVH to $145.00 and gave the company an “outperform” rating in a report on Friday, March 29th. Morgan Stanley set a CHF 105 price objective on Nestlé and gave the company a “buy” rating in a report on Friday. Finally, Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average target price of $45.06.
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.
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