Beaumont Financial Partners LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,841 shares of the cable giant’s stock after purchasing an additional 1,517 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Comcast were worth $1,207,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CMCSA. BlackRock Inc. raised its stake in shares of Comcast by 2.7% during the second quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after purchasing an additional 8,635,296 shares during the last quarter. M&G Investment Management Ltd. purchased a new position in Comcast in the fourth quarter worth $169,146,000. Bessemer Group Inc. raised its position in Comcast by 3,907.4% in the fourth quarter. Bessemer Group Inc. now owns 2,822,231 shares of the cable giant’s stock worth $126,917,000 after acquiring an additional 2,751,805 shares in the last quarter. California Public Employees Retirement System raised its position in Comcast by 22.6% in the third quarter. California Public Employees Retirement System now owns 13,191,720 shares of the cable giant’s stock worth $594,683,000 after acquiring an additional 2,430,859 shares in the last quarter. Finally, State Street Corp raised its position in Comcast by 1.3% in the fourth quarter. State Street Corp now owns 174,110,405 shares of the cable giant’s stock worth $7,829,745,000 after acquiring an additional 2,234,334 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.
Comcast stock opened at $46.07 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $203.34 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. Comcast Co. has a fifty-two week low of $36.75 and a fifty-two week high of $47.74. The stock’s fifty day moving average is $45.12 and its two-hundred day moving average is $44.63.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The company had revenue of $28.40 billion for the quarter, compared to analyst estimates of $28.18 billion. Comcast had a return on equity of 18.25% and a net margin of 11.98%. Comcast’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. As a group, sell-side analysts forecast that Comcast Co. will post 3.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.23 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 annualized dividend and a yield of 2.00%. Comcast’s dividend payout ratio is 26.84%.
Several research analysts have issued reports on CMCSA shares. Wolfe Research set a $56.00 price objective on Comcast and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup cut their price objective on Comcast from $56.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Guggenheim set a $57.00 price objective on Comcast and gave the stock a “buy” rating in a research report on Friday, October 25th. Rosenblatt Securities reiterated a “buy” rating and issued a $51.00 price objective (down previously from $52.00) on shares of Comcast in a research report on Thursday, January 23rd. Finally, Morgan Stanley reiterated a “buy” rating and issued a $53.00 price objective on shares of Comcast in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $52.08.
In other Comcast news, EVP David N. Watson sold 78,100 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $43.67, for a total value of $3,410,627.00. Following the sale, the executive vice president now owns 564,424 shares of the company’s stock, valued at $24,648,396.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is currently owned by corporate insiders.
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: Does a trade war provide a risk to the global economy?
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (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.