Los Angeles Capital Management LLC Sells 216,235 Shares of Comcast Corporation $CMCSA

Los Angeles Capital Management LLC trimmed its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,052,553 shares of the cable giant’s stock after selling 216,235 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Comcast were worth $73,256,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Telos Capital Management Inc. boosted its stake in shares of Comcast by 41.0% during the first quarter. Telos Capital Management Inc. now owns 10,054 shares of the cable giant’s stock valued at $371,000 after purchasing an additional 2,925 shares during the period. Cerity Partners LLC boosted its holdings in shares of Comcast by 8.3% during the first quarter. Cerity Partners LLC now owns 1,121,927 shares of the cable giant’s stock worth $41,399,000 after purchasing an additional 86,014 shares during the period. MJP Associates Inc. ADV boosted its holdings in Comcast by 24.5% in the first quarter. MJP Associates Inc. ADV now owns 22,751 shares of the cable giant’s stock valued at $840,000 after acquiring an additional 4,472 shares in the last quarter. Finally, Investment Management Associates Inc. ADV boosted its position in Comcast by 23.3% during the 1st quarter. Investment Management Associates Inc. ADV now owns 273,750 shares of the cable giant’s stock valued at $10,101,000 after acquiring an additional 51,817 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CMCSA. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Scotiabank dropped their target price on shares of Comcast from $45.50 to $41.50 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 target price on Comcast in a report on Tuesday. Rosenblatt Securities cut their price target on Comcast from $38.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, October 17th. Finally, Evercore ISI lowered their target price on Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $36.29.

Comcast Stock Performance

Shares of CMCSA stock opened at $27.35 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a market cap of $100.98 billion, a PE ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $44.63. The business’s fifty day simple moving average is $30.76 and its 200-day simple moving average is $33.10.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%.The company had revenue of $30.34 billion during the quarter. Analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.8%. Comcast’s dividend payout ratio is currently 21.96%.

About Comcast

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.