Capital International Sarl Buys 47,128 Shares of Comcast Co. (NASDAQ:CMCSA)

Capital International Sarl grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 58.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,650 shares of the cable giant’s stock after acquiring an additional 47,128 shares during the quarter. Capital International Sarl’s holdings in Comcast were worth $5,534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CMCSA. Wealthspire Advisors LLC lifted its position in Comcast by 4.8% in the fourth quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock worth $2,659,000 after purchasing an additional 2,781 shares during the period. Everett Harris & Co. CA boosted its stake in Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its stake in Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Comcast during the fourth quarter worth $2,056,000. Finally, Axxcess Wealth Management LLC boosted its stake in Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after buying an additional 10,936 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is currently owned by insiders.

Comcast Stock Up 3.8 %

Shares of CMCSA traded up $1.45 on Friday, hitting $39.69. The company’s stock had a trading volume of 24,563,647 shares, compared to its average volume of 20,530,836. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm’s fifty day moving average price is $38.53 and its 200-day moving average price is $40.66. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm has a market capitalization of $155.73 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.95 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts expect that Comcast Co. will post 4.22 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.80%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. Evercore ISI decreased their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark restated a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Pivotal Research reduced their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $47.28.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.