HPM Partners LLC Reduces Position in Comcast Co. (CMCSA)

HPM Partners LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,660 shares of the cable giant’s stock after selling 3,314 shares during the quarter. HPM Partners LLC’s holdings in Comcast were worth $2,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its holdings in Comcast by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after buying an additional 432,491 shares during the last quarter. Geode Capital Management LLC raised its holdings in Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 49,255,602 shares of the cable giant’s stock valued at $1,968,535,000 after buying an additional 567,282 shares during the last quarter. Capital International Investors raised its holdings in Comcast by 23.3% in the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after buying an additional 6,467,802 shares during the last quarter. Veritas Asset Management LLP raised its holdings in Comcast by 3.7% in the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after buying an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Comcast by 9.7% in the 4th quarter. Alliancebernstein L.P. now owns 32,328,400 shares of the cable giant’s stock valued at $1,294,752,000 after buying an additional 2,859,872 shares during the last quarter. Institutional investors and hedge funds own 83.54% of the company’s stock.

In related news, SVP Daniel C. Murdock sold 1,891 shares of Comcast stock in a transaction on Monday, March 19th. The shares were sold at an average price of $35.60, for a total value of $67,319.60. Following the completion of the sale, the senior vice president now owns 2,585 shares of the company’s stock, valued at approximately $92,026. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 190,756 shares of Comcast stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,399,951 shares of company stock valued at $52,377,633. Insiders own 1.28% of the company’s stock.

Shares of CMCSA stock opened at $33.53 on Tuesday. The company has a market cap of $153,361.63, a PE ratio of 16.28, a P/E/G ratio of 1.21 and a beta of 1.17. Comcast Co. has a 52 week low of $32.74 and a 52 week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. sell-side analysts expect that Comcast Co. will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.27%. Comcast’s dividend payout ratio (DPR) is 36.89%.

CMCSA has been the subject of several analyst reports. Pivotal Research restated a “buy” rating and set a $113.00 price target on shares of Comcast in a report on Wednesday, February 28th. UBS lowered their price target on shares of Comcast from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. Scotiabank set a $52.00 price target on shares of Comcast and gave the stock a “buy” rating in a report on Friday, January 19th. Evercore ISI restated an “outperform” rating and set a $48.00 price target (up previously from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Finally, Buckingham Research raised their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.08.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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