Capital Guardian Trust Co. Cuts Position in Comcast Co. (CMCSA)

Capital Guardian Trust Co. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,184,188 shares of the cable giant’s stock after selling 108,691 shares during the period. Comcast accounts for approximately 1.2% of Capital Guardian Trust Co.’s holdings, making the stock its 21st largest position. Capital Guardian Trust Co. owned 0.09% of Comcast worth $150,818,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in Comcast by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock worth $2,905,165,000 after buying an additional 7,652,797 shares in the last quarter. FMR LLC raised its stake in Comcast by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock worth $3,433,960,000 after buying an additional 6,973,366 shares in the last quarter. TCI Fund Management Ltd. increased its stake in Comcast by 23.0% in the fourth quarter. TCI Fund Management Ltd. now owns 35,780,552 shares of the cable giant’s stock worth $2,470,647,000 after buying an additional 6,688,445 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Comcast by 833.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,451,975 shares of the cable giant’s stock worth $307,835,000 after buying an additional 3,975,123 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Comcast during the third quarter worth $222,808,000. 82.03% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Comcast Co. (NASDAQ:CMCSA) traded up 1.052% during midday trading on Thursday, reaching $37.925. The company had a trading volume of 5,659,989 shares. Comcast Co. has a 52-week low of $29.81 and a 52-week high of $38.44. The company has a market cap of $180.20 billion, a PE ratio of 21.246 and a beta of 1.07. The company’s 50-day moving average is $37.42 and its 200 day moving average is $35.44.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, topping the Zacks’ 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 earned $21 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post $1.89 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be issued a $0.1575 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, April 3rd. Comcast’s dividend payout ratio (DPR) is presently 30.81%.

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CMCSA has been the subject of a number of recent analyst reports. HSBC Holdings plc started coverage on shares of Comcast in a research report on Thursday, January 19th. They set a “buy” rating and a $41.50 price target for the company. Deutsche Bank AG raised shares of Comcast from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $44.00 in a report on Friday, January 13th. Jefferies Group LLC lifted their price objective on shares of Comcast from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Instinet boosted their price target on shares of Comcast from $37.50 to $42.50 and gave the company a “buy” rating in a report on Friday, January 27th. Finally, Pivotal Research boosted their price target on shares of Comcast to $47.50 and gave the company a “buy” rating in a report on Thursday, January 26th. One equities research analyst has rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.69.

In other Comcast news, EVP Arthur R. Block sold 15,846 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $37.18, for a total transaction of $589,154.28. Following the sale, the executive vice president now owns 72,758 shares in the company, valued at $2,705,142.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 19,890 shares of the firm’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of $37.13, for a total value of $738,515.70. Following the sale, the executive vice president now owns 72,758 shares in the company, valued at approximately $2,701,504.54. The disclosure for this sale can be found here. Insiders sold 311,048 shares of company stock valued at $19,389,499 over the last ninety days. Corporate insiders own 1.27% of the company’s stock.

Comcast Company Profile

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.

5 Day Chart for NASDAQ:CMCSA

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