Psagot Value Holdings Ltd. Israel reduced its stake in shares of Comcast Co. (NASDAQ: CMCSA – Get Rating) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 151,066 shares of the cable giant’s stock after selling 22,075 shares during the period. Comcast comprises approximately 1.5% of Psagot Value Holdings Ltd. Israel’s portfolio, making the stock its 17th biggest position. Psagot Value Holdings Ltd. Israel’s holdings in Comcast were worth $ 7,603,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in Comcast shares in the fourth quarter valued at approximately $ 2,507,025,000. Capital Research Global Investors grew its holdings in shares of Comcast by 8.8% in the fourth quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $ 7,857,828,000 after acquiring an additional 12,642,202 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Comcast by 911.0% in the fourth quarter. Marshall Wace LLP now owns 7,571,121 shares of the cable giant’s stock valued at $ 381,055,000 after acquiring an additional 6,822,276 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of 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 valued at $ 1,373,488,000 after acquiring an additional 4,523,041 shares in the last quarter. Finally, SRS Investment Management LLC grew its holdings in shares of Comcast by 162.9% in the fourth quarter. SRS Investment Management LLC now owns 7,187,614 shares of the cable giant’s stock valued at $ 361,753,000 after acquiring an additional 4,454,106 shares in the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.
NASDAQ CMCSA opened at $ 38.71 on Friday. The stock’s 50-day simple moving average is $ 43.01 and its two-hundred day simple moving average is $ 46.57. Comcast Co. has a twelve month low of $ 37.56 and a twelve month high of $ 61.80. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $ 175.48 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 0.81 and a beta of 0.96.
Comcast (NASDAQ: CMCSA – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The cable giant reported $ 0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.80 by $ 0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The firm had revenue of $ 31.01 billion for the quarter, compared to analysts’ expectations of $ 30.40 billion. During the same period last year, the firm earned $ 0.76 earnings per share. The company revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities analysts expect that Comcast Co. will post 3.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be paid a dividend of $ 0.27 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $ 1.08 dividend on an annualized basis and a dividend yield of 2.79%. Comcast’s dividend payout ratio (DPR) is currently 34.84%.
Several equities analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $ 62.00 to $ 60.00 in a report on Friday, April 29th. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $ 67.00 to $ 50.00 in a report on Friday, April 29th. Wolfe Research lowered Comcast from an “outperform” rating to a “peer perform” rating and reduced their price objective for the company from $ 63.00 to $ 50.00 in a report on Thursday, June 2nd. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, June 10th. Finally, Oppenheimer reduced their price objective on Comcast from $ 75.00 to $ 60.00 and set an “outperform” rating for the company in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $ 58.38.
In other news, CAO Daniel C. Murdock sold 8,929 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $ 44.50, for a total transaction of $ 397,340.50. Following the transaction, the chief accounting officer now directly owns 1,817 shares of the company stock, valued at $ 80,856.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.11% 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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