Signition LP Takes Position in Comcast Co. (NASDAQ:CMCSA)

Signition LP acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,823 shares of the cable giant’s stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Comcast by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after buying an additional 7,792,136 shares during the period. BlackRock Inc. boosted its holdings in Comcast by 2.7% in the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after buying an additional 8,635,296 shares during the period. Invesco Ltd. boosted its holdings in Comcast by 3.0% in the 2nd quarter. Invesco Ltd. now owns 61,356,936 shares of the cable giant’s stock worth $2,594,171,000 after buying an additional 1,759,655 shares during the period. Northern Trust Corp boosted its holdings in Comcast by 1.9% in the 2nd quarter. Northern Trust Corp now owns 54,866,448 shares of the cable giant’s stock worth $2,319,753,000 after buying an additional 1,009,589 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 9.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 53,688,862 shares of the cable giant’s stock worth $2,269,965,000 after buying an additional 4,446,292 shares during the period. 82.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ CMCSA traded up $0.05 during mid-day trading on Monday, hitting $45.24. 574,196 shares of the company’s stock traded hands, compared to its average volume of 17,858,869. The company’s 50-day moving average is $45.15 and its two-hundred day moving average is $43.80. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $201.44 billion, a P/E ratio of 17.74, a PEG ratio of 1.18 and a beta of 1.07. Comcast Co. has a 1 year low of $32.61 and a 1 year high of $47.27.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 24th. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $26.83 billion for the quarter, compared to analysts’ expectations of $26.77 billion. Comcast had a net margin of 11.45% and a return on equity of 24.25%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Equities analysts anticipate that Comcast Co. will post 3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Tuesday, January 7th. Comcast’s dividend payout ratio is 32.94%.

In related news, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the sale, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the sale, the chief executive officer now directly owns 4,108,522 shares in the company, valued at $184,801,319.56. The disclosure for this sale can be found here. Insiders have sold a total of 518,696 shares of company stock worth $23,333,254 over the last 90 days. Corporate insiders own 1.35% of the company’s stock.

Several research firms have commented on CMCSA. Wolfe Research set a $56.00 price objective on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup increased their price objective on shares of Comcast from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 4th. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Thursday, September 5th. Morgan Stanley set a $53.00 price objective on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Finally, BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $50.52.

About Comcast

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.

Recommended Story: Insider Trading

Institutional Ownership by Quarter for Comcast (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.