Comcast Corporation $CMCSA Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 63.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,970 shares of the cable giant’s stock after selling 17,443 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Comcast were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CMCSA. Nuveen LLC purchased a new position in shares of Comcast during the 1st quarter valued at approximately $940,015,000. Dodge & Cox increased its holdings in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. KBC Group NV increased its holdings in shares of Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after purchasing an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after purchasing an additional 4,128,434 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 2.1%

Shares of CMCSA stock opened at $29.46 on Friday. The stock’s fifty day moving average is $32.48 and its two-hundred day moving average is $33.95. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $108.77 billion, a P/E ratio of 4.87, a PEG ratio of 1.78 and a beta of 0.94. Comcast Corporation has a fifty-two week low of $29.42 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Arete Research raised shares of Comcast to a “hold” rating in a report on Tuesday, July 8th. Scotiabank reiterated a “sector perform” rating and set a $45.50 target price (up previously from $45.00) on shares of Comcast in a research report on Monday. Royal Bank Of Canada started coverage on Comcast in a research report on Monday, September 8th. They set a “sector perform” rating and a $38.00 target price on the stock. Finally, UBS Group set a $43.00 target price on Comcast in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.94.

Comcast 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.