Tdam USA Inc. Cuts Stake in Comcast Co. (CMCSA)

Tdam USA Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,147 shares of the cable giant’s stock after selling 8,027 shares during the quarter. Tdam USA Inc.’s holdings in Comcast were worth $15,010,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in Comcast by 97.6% during the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its position in Comcast by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Ameriprise Financial Inc. boosted its position in Comcast by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after acquiring an additional 29,199,805 shares during the period. Bank of New York Mellon Corp boosted its position in Comcast by 103.1% during the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after acquiring an additional 28,597,277 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Comcast by 56.9% during the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after acquiring an additional 12,625,830 shares during the period. Institutional investors own 81.84% of the company’s stock.

Comcast Co. (NASDAQ:CMCSA) opened at 36.61 on Tuesday. Comcast Co. has a one year low of $30.02 and a one year high of $42.18. The firm has a market capitalization of $172.56 billion, a PE ratio of 18.44 and a beta of 0.98. The stock has a 50 day moving average price of $38.35 and a 200-day moving average price of $39.25.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast had a net margin of 11.98% and a return on equity of 18.32%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. On average, equities analysts forecast that Comcast Co. will post $2.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.72%. Comcast’s dividend payout ratio (DPR) is 31.74%.

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CMCSA has been the topic of a number of research reports. Moffett Nathanson downgraded Comcast from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Tuesday, June 20th. ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast in a research report on Friday, September 1st. UBS AG reaffirmed an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Finally, Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast currently has a consensus rating of “Buy” and an average price target of $45.83.

In other news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,982 shares of company stock valued at $385,050. Company insiders own 1.28% of the company’s stock.

About Comcast

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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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