Comcast Corporation $CMCSA Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,570,214 shares of the cable giant’s stock after selling 75,037 shares during the period. Panagora Asset Management Inc.’s holdings in Comcast were worth $56,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Comcast in the second quarter valued at $3,528,361,000. Nuveen LLC purchased a new stake in Comcast during the first quarter worth about $940,015,000. Dodge & Cox lifted its position in shares of Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Comcast by 119.1% in the first 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 during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Comcast by 76.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 9,440,738 shares of the cable giant’s stock worth $348,363,000 after buying an additional 4,096,382 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $26.73 on Monday. The stock’s 50-day moving average is $28.93 and its two-hundred day moving average is $32.33. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $43.45. The firm has a market cap of $97.38 billion, a price-to-earnings ratio of 4.45, a PEG ratio of 1.83 and a beta of 0.83.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Rosenblatt Securities cut their price objective on Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 17th. Arete decreased their price objective on Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Scotiabank lowered their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday, October 31st. UBS Group set a $34.00 target price on shares of Comcast in a report on Friday, October 31st. Finally, Loop Capital lowered their price target on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a report on Friday, October 31st. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.92.

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.