Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its position in Comcast Co. (NASDAQ:CMCSA) by 204.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 110,400 shares of the cable giant’s stock after buying an additional 74,100 shares during the quarter. Alberta Investment Management Corp’s holdings in Comcast were worth $4,143,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Financial Perspectives Inc lifted its holdings in shares of Comcast by 4.9% in the 4th quarter. Financial Perspectives Inc now owns 15,322 shares of the cable giant’s stock valued at $575,000 after buying an additional 712 shares during the period. Global Retirement Partners LLC raised its position in Comcast by 1.3% in the fourth quarter. Global Retirement Partners LLC now owns 57,842 shares of the cable giant’s stock worth $2,171,000 after acquiring an additional 721 shares in the last quarter. Convergence Investment Partners LLC lifted its holdings in Comcast by 16.5% in the fourth quarter. Convergence Investment Partners LLC now owns 34,482 shares of the cable giant’s stock valued at $1,294,000 after acquiring an additional 4,890 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in shares of Comcast during the 4th quarter worth $218,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Comcast during the 4th quarter worth $123,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.2 %

Shares of NASDAQ CMCSA opened at $36.41 on Friday. The stock has a fifty day moving average price of $36.65 and a 200 day moving average price of $39.60. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a market cap of $137.67 billion, a P/E ratio of 8.77, a P/E/G ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Analyst Ratings Changes

Several analysts recently commented on CMCSA shares. KeyCorp raised their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Barclays dropped their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.13.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.