Machina Capital S.A.S. Acquires New Holdings in Comcast Co. (CMCSA)

Machina Capital S.A.S. acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,000 shares of the cable giant’s stock, valued at approximately $1,975,000. Comcast comprises approximately 1.3% of Machina Capital S.A.S.’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acima Private Wealth LLC acquired a new position in Comcast in the fourth quarter valued at about $25,000. Litman Gregory Asset Management LLC acquired a new position in Comcast in the fourth quarter valued at about $30,000. Ironwood Financial llc acquired a new position in Comcast in the fourth quarter valued at about $32,000. IMS Capital Management acquired a new position in Comcast in the third quarter valued at about $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in Comcast in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 81.15% of the company’s stock.

CMCSA opened at $42.43 on Friday. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $42.83. The stock has a market cap of $197.07 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.79 and a current ratio of 0.79.

Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Comcast’s revenue was up 26.1% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 2.84 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio is presently 32.94%.

Several research firms have recently weighed in on CMCSA. Macquarie reaffirmed a “hold” rating and set a $39.00 price objective on shares of Comcast in a research report on Monday, December 24th. Nomura upped their price objective on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. TD Securities upped their price objective on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, BidaskClub cut Comcast from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average price target of $44.45.

In other Comcast news, SVP Daniel C. Murdock sold 845 shares of the company’s stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $35.55, for a total value of $30,039.75. Following the sale, the senior vice president now owns 1,005 shares in the company, valued at $35,727.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel C. Murdock sold 1,038 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total value of $43,596.00. Following the completion of the sale, the senior vice president now owns 3,707 shares in the company, valued at approximately $155,694. The disclosure for this sale can be found here. Insiders have sold 1,290,226 shares of company stock worth $49,311,328 in the last quarter. 1.31% of the stock is currently owned by corporate insiders.

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Comcast Company 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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