Comcast Corporation (CMCSA) Shares Sold by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 551,937 shares of the cable giant’s stock after selling 79,780 shares during the period. First Trust Advisors LP’s holdings in Comcast Corporation were worth $21,481,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CMCSA. State Street Corp grew its position in Comcast Corporation by 97.6% in the first 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 in the last quarter. Clearbridge Investments LLC grew its position in Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after purchasing an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. grew its position in Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after purchasing an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp grew its position in Comcast Corporation by 103.1% in the first 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 purchasing an additional 28,597,277 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its position in Comcast Corporation by 56.9% in the first 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 purchasing an additional 12,625,830 shares in the last quarter. Institutional investors and hedge funds own 81.93% of the company’s stock.

Comcast Corporation (CMCSA) opened at 35.95 on Friday. The stock has a 50 day moving average of $38.52 and a 200 day moving average of $39.22. The firm has a market capitalization of $169.45 billion, a PE ratio of 18.11 and a beta of 0.98. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. On average, equities analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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In related news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 over the last ninety days. 1.28% of the stock is currently owned by insiders.

A number of research firms recently weighed in on CMCSA. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research report on Wednesday, October 4th. Argus raised their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Bank of America Corporation raised their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.83.

Comcast Corporation 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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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