People s United Financial Inc. Has $8.32 Million Stake in Comcast Corporation (CMCSA)

People s United Financial Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 213,828 shares of the cable giant’s stock after acquiring an additional 16,470 shares during the quarter. People s United Financial Inc.’s holdings in Comcast were worth $8,323,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Biegel & Waller LLC bought a new stake in Comcast during the second quarter valued at approximately $432,000. Penobscot Investment Management Company Inc. lifted its position in Comcast by 3.0% during the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after purchasing an additional 2,828 shares during the last quarter. WINTON GROUP Ltd lifted its position in Comcast by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after purchasing an additional 186,920 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Comcast by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after purchasing an additional 451,551 shares during the last quarter. Finally, Tower Bridge Advisors lifted its position in Comcast by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after purchasing an additional 13,003 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $37.95 on Friday. Comcast Corporation has a fifty-two week low of $34.12 and a fifty-two week high of $42.18. The company has a market cap of $177,089.19, a price-to-earnings ratio of 18.80, a PEG ratio of 1.81 and a beta of 1.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. sell-side analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.

A number of brokerages have recently weighed in on CMCSA. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. Macquarie restated a “buy” rating and issued a $40.00 price objective on shares of Comcast in a report on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Comcast in a report on Tuesday, October 17th. Finally, Robert W. Baird restated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. 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 stock. Comcast has an average rating of “Buy” and a consensus target price of $45.72.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated 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 owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

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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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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