Robeco Institutional Asset Management B.V. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 18.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,076,347 shares of the cable giant’s stock after buying an additional 166,379 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Comcast were worth $43,034,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of CMCSA. Camarda Financial Advisors LLC increased its holdings in Comcast by 8.1% in the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after acquiring an additional 250 shares during the last quarter. Stokes & Hubbell Capital Management LLC raised its holdings in shares of Comcast by 1.3% during the 1st quarter. Stokes & Hubbell Capital Management LLC now owns 20,560 shares of the cable giant’s stock valued at $822,000 after buying an additional 259 shares in the last quarter. Chesley Taft & Associates LLC raised its holdings in shares of Comcast by 0.7% during the 1st quarter. Chesley Taft & Associates LLC now owns 41,805 shares of the cable giant’s stock valued at $1,671,000 after buying an additional 275 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of Comcast by 1.7% during the 4th quarter. GSA Capital Partners LLP now owns 16,864 shares of the cable giant’s stock valued at $574,000 after buying an additional 281 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Comcast by 2.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after purchasing an additional 296 shares during the period. Institutional investors own 82.57% of the company’s stock.
Shares of Comcast stock traded up $0.28 during trading on Friday, reaching $42.28. The company’s stock had a trading volume of 49,937,478 shares, compared to its average volume of 20,775,194. The company has a 50-day moving average price of $42.43. Comcast Co. has a 1-year low of $32.42 and a 1-year high of $43.96. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market capitalization of $190.62 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.17 and a beta of 1.12.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.99%. Comcast’s payout ratio is currently 32.94%.
In other Comcast news, SVP Daniel C. Murdock sold 1,038 shares of Comcast stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total transaction of $43,596.00. Following the completion of the transaction, the senior vice president now owns 3,707 shares in the company, valued at approximately $155,694. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen B. Burke sold 457,633 shares of Comcast stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The disclosure for this sale can be found here. Insiders have sold a total of 469,307 shares of company stock valued at $20,327,244 in the last quarter. Company insiders own 1.35% of the company’s stock.
Several equities analysts have recently issued reports on the company. BidaskClub cut Comcast from a “buy” rating to a “hold” rating in a research note on Friday. Pivotal Research reaffirmed a “buy” rating and set a $54.00 price target on shares of Comcast in a report on Wednesday. Macquarie assumed coverage on Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price objective for the company. Raymond James cut Comcast from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $21.00 in a research report on Friday, June 14th. Finally, Rosenblatt Securities started coverage on Comcast in a research note on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and an average price target of $44.16.
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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