Comcast Co. (NASDAQ:CMCSA) Shares Sold by TPI Fund Managers Ltd

TPI Fund Managers Ltd trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 480,348 shares of the cable giant’s stock after selling 3,055 shares during the quarter. Comcast makes up about 5.0% of TPI Fund Managers Ltd’s portfolio, making the stock its 7th largest holding. TPI Fund Managers Ltd’s holdings in Comcast were worth $16,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Comcast in the 4th quarter valued at approximately $2,140,195,000. Capital International Investors increased its position in Comcast by 30.9% in the 4th quarter. Capital International Investors now owns 134,005,521 shares of the cable giant’s stock valued at $6,026,230,000 after acquiring an additional 31,604,388 shares during the period. Parnassus Investments CA increased its position in Comcast by 128.9% in the 1st quarter. Parnassus Investments CA now owns 21,254,365 shares of the cable giant’s stock valued at $730,725,000 after acquiring an additional 11,968,000 shares during the period. Capital World Investors increased its position in Comcast by 5.7% in the 4th quarter. Capital World Investors now owns 89,091,727 shares of the cable giant’s stock valued at $4,006,456,000 after acquiring an additional 4,822,230 shares during the period. Finally, M&G Investment Management Ltd. acquired a new position in Comcast in the 4th quarter valued at approximately $169,146,000. Institutional investors and hedge funds own 82.12% of the company’s stock.

Shares of Comcast stock traded down $0.21 during trading hours on Friday, reaching $38.74. The company’s stock had a trading volume of 883,073 shares, compared to its average volume of 22,304,594. Comcast Co. has a one year low of $31.70 and a one year high of $47.74. The company has a market capitalization of $178.34 billion, a P/E ratio of 15.40, a P/E/G ratio of 1.61 and a beta of 0.95. The stock’s fifty day simple moving average is $36.66 and its two-hundred day simple moving average is $41.60. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.87 and a current ratio of 0.87.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 30th. The cable giant reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Comcast had a net margin of 10.72% and a return on equity of 17.56%. The firm had revenue of $26.61 billion for the quarter, compared to analyst estimates of $26.71 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 2.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, June 30th. Comcast’s dividend payout ratio (DPR) is 29.39%.

In related news, CAO Daniel C. Murdock sold 1,038 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $36.55, for a total transaction of $37,938.90. Following the transaction, the chief accounting officer now directly owns 4,229 shares of the company’s stock, valued at $154,569.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David N. Watson sold 202,782 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $37.05, for a total transaction of $7,513,073.10. Following the transaction, the executive vice president now directly owns 893,424 shares in the company, valued at $33,101,359.20. The disclosure for this sale can be found here. Insiders sold 204,739 shares of company stock worth $7,585,502 over the last ninety days. Insiders own 1.35% of the company’s stock.

Several equities analysts have issued reports on CMCSA shares. Wells Fargo & Co upped their price target on shares of Comcast from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday. Guggenheim cut shares of Comcast from a “buy” rating to a “neutral” rating in a research report on Tuesday. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Raymond James cut shares of Comcast from an “outperform” rating to a “market perform” rating in a research report on Monday, March 16th. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $48.19.

Comcast Profile

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

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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