WESPAC Advisors SoCal LLC Has $5.12 Million Position in Comcast Corporation (NASDAQ:CMCSA)

WESPAC Advisors SoCal LLC lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,076 shares of the cable giant’s stock after selling 2,548 shares during the period. Comcast comprises 3.0% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 8th biggest holding. WESPAC Advisors SoCal LLC’s holdings in Comcast were worth $5,120,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Comcast by 1,581.1% in the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after acquiring an additional 26,522,368 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Comcast by 38.4% in the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after buying an additional 5,108,525 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Comcast by 165.9% in the first quarter. AQR Capital Management LLC now owns 6,975,277 shares of the cable giant’s stock worth $262,201,000 after buying an additional 4,351,602 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Comcast by 40.2% in the second quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock worth $476,934,000 after buying an additional 3,513,006 shares during the last quarter. 82.20% of the stock is currently owned by institutional investors and hedge funds.

CMCSA has been the topic of a number of research reports. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. TD Securities lowered shares of Comcast from an “action list buy” rating to a “buy” rating and boosted their target price for the stock from $42.60 to $51.00 in a research report on Friday. Buckingham Research boosted their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. One investment 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 stock. Comcast presently has a consensus rating of “Buy” and an average target price of $46.15.

In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 593,402 shares of company stock worth $22,961,401. Corporate insiders own 1.28% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded down $0.16 during trading on Monday, reaching $42.44. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Corporation has a 12-month low of $34.78 and a 12-month high of $42.71. The firm has a market cap of $198,350.00, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.87 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. equities analysts expect that Comcast Corporation will post 2.05 earnings per share for the current year.

The firm 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 dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.48%. Comcast’s payout ratio is presently 29.72%.

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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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