Comcast Corporation (CMCSA) stands as a prominent global conglomerate in the realms of media and technology company who owns comcast. Its inception traces back to the year 1963 when Ralph Roberts acquired American Cable Systems, a modest subscriber cable system situated in Tupelo, Mississippi.
Undergoing subsequent incorporation with the name Comcast, the company marked its presence on the public stock market with its first offering in 1972. From those early days, Comcast has steadily evolved into a paramount force in the spheres of media, entertainment, and technology. Currently under the leadership of CEO Brian Roberts, the son of the company’s founder, Comcast commands a formidable market capitalization, reaching approximately $266 billion as of July 8, 2021. In the fiscal year 2020, Comcast demonstrated robust financial performance, reporting an annual net income attributable to the company of $10.5 billion, generated from a revenue stream totaling $103.6 billion.
Who are the majority owners of Comcast?
Comcast Corporation (US:CMCSA) boasts an extensive institutional ownership, with a total of 3,710 institutional owners and shareholders who have submitted 13D/G or 13F forms to the Securities Exchange Commission (SEC). Collectively, these entities hold a substantial 4,187,411,829 shares. Among the leading stakeholders are Vanguard Group Inc, BlackRock Inc., State Street Corp, Capital International Investors, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, Fmr Llc, AWSHX – WASHINGTON MUTUAL INVESTORS FUND Class A, VFINX – Vanguard 500 Index Fund Investor Shares, Capital Research Global Investors, and Jpmorgan Chase & Co.
Examining the institutional ownership structure of Comcast Corporation (NasdaqGS:CMCSA) provides insights into the current positions held by various institutions and funds, along with the most recent changes in position size. Noteworthy shareholders encompass individual investors, mutual funds, hedge funds, and other institutions. The Schedule 13D signals that an investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. Conversely, Schedule 13G indicates a passive investment exceeding 5%.
As of December 22, 2023, the share price stands at $44.00 per share, reflecting a notable increase of 25.71% from the December 27, 2022, figure of $35.00 per share. This upward trajectory underscores the company’s positive market performance during this period.
Who is Comcast owned by?
Founded in 1963 by Ralph J. Roberts, along with Daniel Aaron and Julian A. Brodsky, Comcast has a rich history that began with the acquisition of American Cable Systems for $500,000 as a corporate spin-off from its parent company, Jerrold Electronics. The company expanded its portfolio in 1965 with the purchase of Storecast Corporation of America.
Undergoing reincorporation in Pennsylvania in 1969, Comcast emerged with a new identity as Comcast Corporation. The company made its debut on the public stage through an initial public offering in June 1972, sporting a market capitalization of $3,010,000.
Headquartered in Philadelphia, Pennsylvania, Comcast operates through three distinct divisions:
- Comcast cable
- NBC Universal
- Sky
As a telecommunications conglomerate, Comcast holds the position of the second-largest broadcasting and cable television company globally in terms of revenue, trailing only behind ATT. It further solidifies its standing as the largest pay-TV and cable TV company, as well as the largest home internet service provider in the United States, also ranking as the third-largest home telephone provider.
Functioning as the parent company of the renowned international media entity NBC Universal, Comcast engages in the production of feature films for theatrical exhibitions and contributes to over-the-air and cable television programming. In the fiscal year 2021, Comcast recorded substantial annual revenue amounting to $116.39 billion, with a dedicated workforce exceeding 189,000 employees contributing to the company’s success.
Who is the owner of Comcast?
Brian L. Roberts serves as the Chairman and CEO of Comcast Corporation, guiding the company’s evolution into a global powerhouse strategically positioned at the crossroads of media and technology. Comcast’s three primary business pillars, Comcast Cable, NBCUniversal, and Sky, have flourished under his leadership.
Brian’s journey with Comcast commenced upon his graduation from The Wharton School of the University of Pennsylvania. His ascent within the company was swift, culminating in his appointment as President of Comcast Corporation in 1990, a period when the company boasted an annual revenue of $657 million. Fast forward to the present day, and Comcast Corporation stands as a global force with approximately 186,000 employees worldwide and a robust annual revenue of $121 billion.
Brian’s exemplary leadership has earned him accolades and recognition within the business and industry spheres. Barron’s has hailed him as one of the “World’s Best CEOs,” while Fortune magazine bestowed upon him the title of “Businessperson of the Year.” Additionally, Institutional Investor magazine has consistently recognized Brian as one of America’s top CEOs, an honor he has received 18 times.
Beyond the business realm, Brian has been honored with the Humanitarian Award from the Simon Wiesenthal Center and the Pennsylvania Society’s Gold Medal for Distinguished Achievement Award. The Yale School of Management’s Chief Executive Leadership Institute also conferred upon him the esteemed Legend and Leadership Award. Brian L. Roberts stands as a testament to visionary leadership, marked by both business acumen and a commitment to humanitarian endeavors.
Who is the Roberts family that owns Comcast?
Brian is an active member of the Business Roundtable and has contributed his expertise to President Obama’s Council on Jobs and Competitiveness. He holds a position on the Advisory Board of Tsinghua University School of Economics and Management. Brian’s commitment to the telecommunications industry is evident through his role as the Chairman of the National Cable & Telecommunications Association (NCTA) for two consecutive terms. Furthermore, he holds the esteemed position of Director Emeritus at CableLabs, the research and development consortium for the cable industry, having served three terms as Chairman.
Beyond his professional endeavors, Brian is an accomplished athlete, earning the title of All-American in squash. Notably, he has participated in the Maccabiah Games in Israel on six occasions. In his personal life, Brian, along with his wife Aileen, calls Philadelphia home, contributing to the vibrancy of the city.
What is the salary of the CEO of Comcast?
Comcast has officially revealed the 2022 compensation details for its Chairman and CEO, Brian Roberts, as well as the ousted NBCUniversal CEO, Jeff Shell, along with other top executives.
A significant aspect of the disclosure pertains to the compensation that Jeff Shell will not be receiving following his termination for cause due to an inappropriate relationship with an employee. In a filing on Friday, Comcast outlined, “Upon his termination, all unvested PSUs and RSUs and all vested and unvested stock options, which had an estimated fair value of $43.3 million as of the termination date, were forfeited and canceled.”
Shell’s termination was linked to what the company described as “inappropriate conduct with a female employee, including allegations of sexual harassment.” In 2022, Shell received $10 million in compensation, encompassing his salary and cash bonus. This marked a decline from the $21.6 million he received in 2021 and the $16.5 million in 2020. The disclosure sheds light on the financial consequences of his departure and underscores the company’s commitment to addressing misconduct within its leadership.
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