Bristlecone Advisors LLC decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,406 shares of the cable giant’s stock after selling 625 shares during the period. Bristlecone Advisors LLC’s holdings in Comcast Corporation were worth $1,923,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Comcast Corporation by 97.6% in 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 acquiring an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Comcast Corporation by 103.1% in the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after acquiring an additional 28,597,277 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Comcast Corporation by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after acquiring an additional 12,625,830 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
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A number of research analysts recently commented on CMCSA shares. Macquarie reaffirmed a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Tuesday, May 16th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Moffett Nathanson downgraded shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a report on Tuesday, June 20th. BidaskClub downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Finally, Pivotal Research reissued a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.83.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.28% of the stock is owned by corporate insiders.
Comcast Corporation (CMCSA) opened at 37.90 on Wednesday. The company’s 50-day moving average is $40.22 and its 200 day moving average is $39.19. The stock has a market capitalization of $178.64 billion, a price-to-earnings ratio of 19.09 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Equities analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.66%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
Comcast Corporation 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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