Darsana Capital Partners LP bought a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,000,000 shares of the cable giant’s stock, valued at approximately $69,050,000. Comcast accounts for about 3.3% of Darsana Capital Partners LP’s portfolio, making the stock its 13th largest position.
Several other institutional investors have also made changes to their positions in CMCSA. Russell Investments Group Ltd. acquired a new position in shares of Comcast during the fourth quarter worth approximately $157,537,000. Seminole Management Co. Inc. boosted its position in shares of Comcast by 37.7% in the third quarter. Seminole Management Co. Inc. now owns 157,544 shares of the cable giant’s stock worth $10,451,000 after buying an additional 43,094 shares during the last quarter. Korea Investment CORP boosted its position in shares of Comcast by 15.8% in the third quarter. Korea Investment CORP now owns 2,556,309 shares of the cable giant’s stock worth $169,586,000 after buying an additional 349,194 shares during the last quarter. WASHINGTON TRUST Co boosted its position in shares of Comcast by 5.1% in the third quarter. WASHINGTON TRUST Co now owns 99,329 shares of the cable giant’s stock worth $6,590,000 after buying an additional 4,812 shares during the last quarter. Finally, Markel Corp boosted its position in shares of Comcast by 114.3% in the third quarter. Markel Corp now owns 75,000 shares of the cable giant’s stock worth $4,976,000 after buying an additional 40,000 shares during the last quarter. 82.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Co. (NASDAQ:CMCSA) opened at 37.38 on Friday. The firm’s 50 day moving average is $37.53 and its 200 day moving average is $34.87. Comcast Co. has a 12 month low of $29.34 and a 12 month high of $38.44. The stock has a market capitalization of $177.26 billion, a price-to-earnings ratio of 20.94 and a beta of 1.07.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The firm had revenue of $21 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same period last year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts predict that Comcast Co. will post $1.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be paid a dividend of $0.1575 per share. The ex-dividend date is Monday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a yield of 1.69%. Comcast’s dividend payout ratio (DPR) is 30.81%.
CMCSA has been the topic of a number of recent research reports. Oppenheimer Holdings Inc. lifted their target price on shares of Comcast from $37.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Instinet lifted their target price on shares of Comcast from $37.50 to $42.50 and gave the company a “buy” rating in a report on Friday, January 27th. Pivotal Research dropped their price objective on shares of Comcast to $48.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Guggenheim reissued a “neutral” rating and issued a $40.00 price objective on shares of Comcast in a research note on Wednesday, March 1st. Finally, Morgan Stanley reissued an “overweight” rating and issued a $40.00 price objective (up from $38.00) on shares of Comcast in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.88.
In related news, EVP Neil Smit sold 133,314 shares of the firm’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $75.31, for a total transaction of $10,039,877.34. Following the transaction, the executive vice president now directly owns 191,837 shares in the company, valued at $14,447,244.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 1,680 shares of the firm’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $70.80, for a total value of $118,944.00. Following the transaction, the executive vice president now owns 47,853 shares in the company, valued at $3,387,992.40. The disclosure for this sale can be found here. Insiders have sold 266,777 shares of company stock worth $17,800,366 over the last 90 days. 1.27% of the stock is currently owned by company insiders.
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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