Comcast Corporation (CMCSA) Holdings Boosted by Commonwealth Equity Services Inc

Commonwealth Equity Services Inc raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 462,071 shares of the cable giant’s stock after purchasing an additional 8,948 shares during the period. Commonwealth Equity Services Inc’s holdings in Comcast were worth $17,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Biegel & Waller LLC acquired a new position in shares of Comcast in the 2nd quarter valued at approximately $432,000. Penobscot Investment Management Company Inc. raised its position in shares of Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after acquiring an additional 2,828 shares in the last quarter. Jennison Associates LLC raised its position in shares of Comcast by 1.4% during the 2nd quarter. Jennison Associates LLC now owns 6,126,289 shares of the cable giant’s stock valued at $238,435,000 after acquiring an additional 83,461 shares in the last quarter. iAB Financial Bank acquired a new stake in shares of Comcast during the 2nd quarter valued at approximately $244,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Comcast during the 2nd quarter valued at approximately $5,993,000. 82.13% of the stock is currently owned by institutional investors.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 over the last ninety days. 1.28% of the stock is owned by corporate insiders.

Several research firms recently issued reports on CMCSA. TD Securities lowered Comcast from an “action list buy” rating to a “buy” rating and upped their price target for the company from $42.60 to $51.00 in a research report on Friday. Evercore ISI reissued an “outperform” rating and set a $48.00 price target (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Buckingham Research upped their price target on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Morgan Stanley upped their price target on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. Comcast presently has a consensus rating of “Buy” and a consensus price target of $46.15.

Shares of Comcast Corporation (CMCSA) opened at $42.44 on Monday. Comcast Corporation has a 52-week low of $34.78 and a 52-week high of $42.71. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $198,350.00, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts anticipate that Comcast Corporation will post 2.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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