Man Group plc Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

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Man Group plc raised its position in Comcast Co. (NASDAQ:CMCSA) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105,164 shares of the cable giant’s stock after purchasing an additional 83,057 shares during the quarter. Man Group plc’s holdings in Comcast were worth $49,699,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL increased its position in shares of Comcast by 4.1% during the fourth quarter. Blair William & Co. IL now owns 519,052 shares of the cable giant’s stock worth $23,342,000 after acquiring an additional 20,472 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Comcast by 2.4% during the fourth quarter. Brandes Investment Partners LP now owns 733,645 shares of the cable giant’s stock valued at $32,992,000 after purchasing an additional 16,958 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $71,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Comcast by 13.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 33,116 shares of the cable giant’s stock valued at $1,489,000 after purchasing an additional 3,890 shares in the last quarter. Finally, Bluefin Trading LLC boosted its stake in shares of Comcast by 1,440.6% during the fourth quarter. Bluefin Trading LLC now owns 174,720 shares of the cable giant’s stock valued at $7,857,000 after purchasing an additional 163,379 shares in the last quarter. 83.25% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on CMCSA shares. Credit Suisse Group dropped their price objective on shares of Comcast from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, March 13th. TD Securities dropped their price objective on shares of Comcast from $57.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Oppenheimer started coverage on shares of Comcast in a research note on Thursday, January 23rd. They set a “buy” rating and a $50.00 price objective on the stock. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, March 13th. Finally, BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Wednesday, March 18th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Comcast currently has a consensus rating of “Buy” and an average target price of $50.64.

In related news, EVP David N. Watson sold 202,782 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $37.05, for a total transaction of $7,513,073.10. Following the transaction, the executive vice president now directly owns 893,424 shares in the company, valued at $33,101,359.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel C. Murdock sold 1,038 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $36.55, for a total transaction of $37,938.90. Following the transaction, the chief accounting officer now owns 4,229 shares in the company, valued at $154,569.95. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

CMCSA opened at $34.64 on Wednesday. Comcast Co. has a fifty-two week low of $31.70 and a fifty-two week high of $47.74. 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 company has a fifty day moving average of $41.61 and a two-hundred day moving average of $44.14. The stock has a market capitalization of $155.58 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.98 and a beta of 0.96.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Comcast had a net margin of 11.98% and a return on equity of 18.25%. The company had revenue of $28.40 billion during the quarter, compared to analysts’ expectations of $28.18 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 3.18 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given 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 dividend yield of 2.66%. Comcast’s dividend payout ratio (DPR) is 26.84%.

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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