Sei Investments Co. Has $113.23 Million Holdings in Comcast Corporation $CMCSA

Sei Investments Co. grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 16.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,172,536 shares of the cable giant’s stock after buying an additional 436,662 shares during the quarter. Sei Investments Co.’s holdings in Comcast were worth $113,229,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC grew its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares in the last quarter. Avalon Trust Co grew its holdings in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Comcast in the first quarter valued at $29,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Comcast in the second quarter valued at about $29,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $30.00 price objective (down previously from $39.00) on shares of Comcast in a report on Friday, October 31st. Williams Trading set a $40.00 price target on shares of Comcast in a research note on Friday, October 31st. Pivotal Research dropped their price objective on shares of Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Rosenblatt Securities reduced their price objective on Comcast from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Monday, December 1st. Finally, KeyCorp cut Comcast from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 30th. Eleven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Comcast currently has an average rating of “Hold” and an average price target of $35.78.

Comcast Stock Performance

Shares of Comcast stock opened at $27.60 on Friday. The firm has a fifty day moving average of $28.17 and a two-hundred day moving average of $31.87. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $100.57 billion, a price-to-earnings ratio of 4.59, a PEG ratio of 1.90 and a beta of 0.83. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $40.37.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 business had revenue of $30.34 billion during the quarter. As a group, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

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

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.