Comcast Corporation (CMCSA) Stake Raised by Majedie Asset Management Ltd

Majedie Asset Management Ltd raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 137.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,572 shares of the cable giant’s stock after buying an additional 94,226 shares during the period. Majedie Asset Management Ltd’s holdings in Comcast Corporation were worth $6,111,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMCSA. Whalerock Point Partners LLC increased its stake in Comcast Corporation by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 18,305 shares of the cable giant’s stock worth $1,264,000 after buying an additional 300 shares during the period. HighPoint Advisor Group LLC boosted its position in shares of Comcast Corporation by 103.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 49,343 shares of the cable giant’s stock worth $1,855,000 after buying an additional 25,131 shares in the last quarter. USA Financial Portformulas Corp acquired a new position in shares of Comcast Corporation during the fourth quarter worth approximately $5,302,000. Perigon Wealth Management LLC boosted its position in shares of Comcast Corporation by 102.3% in the fourth quarter. Perigon Wealth Management LLC now owns 99,545 shares of the cable giant’s stock worth $3,705,000 after buying an additional 50,341 shares in the last quarter. Finally, Wealthfront Inc. boosted its position in shares of Comcast Corporation by 1.2% in the fourth quarter. Wealthfront Inc. now owns 66,647 shares of the cable giant’s stock worth $4,602,000 after buying an additional 766 shares in the last quarter. 82.87% of the stock is currently owned by institutional investors.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 40.52 on Friday. The stock has a 50 day moving average of $39.71 and a 200-day moving average of $38.91. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a market capitalization of $190.99 billion, a PE ratio of 20.41 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. On average, equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is presently 31.74%.

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CMCSA has been the subject of a number of analyst reports. Argus raised their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Wunderlich lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Pivotal Research reiterated a “buy” rating and issued a $48.00 target price on shares of Comcast Corporation in a research note on Tuesday, June 27th. Finally, Bank of America Corporation lifted their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.69.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

Comcast Corporation 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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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