KAMES CAPITAL plc Decreases Holdings in Comcast Co. (CMCSA)
KAMES CAPITAL plc lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,170,930 shares of the cable giant’s stock after selling 277,598 shares during the quarter. KAMES CAPITAL plc’s holdings in Comcast were worth $46,919,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new stake in Comcast in the third quarter valued at $104,000. Clear Perspective Advisors LLC lifted its stake in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast in the second quarter valued at $107,000. Willingdon Wealth Management bought a new stake in Comcast in the third quarter valued at $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Comcast in the second quarter valued at $165,000. 82.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Co. (CMCSA) opened at $38.96 on Wednesday. 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 Co. has a 1 year low of $34.78 and a 1 year high of $44.00. The company has a market cap of $178,999.30, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 1.95%. Comcast’s payout ratio is 13.21%.
In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is owned by company insiders.
CMCSA has been the topic of a number of recent research reports. Buckingham Research raised their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Pivotal Research reiterated a “buy” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. Macquarie reiterated a “buy” rating and issued a $40.00 target price on shares of Comcast in a research note on Thursday, December 7th. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. Finally, Nomura cut their price objective on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have assigned a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $47.74.
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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