Foxhaven Asset Management LP trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 48.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,607,717 shares of the cable giant’s stock after selling 1,536,673 shares during the quarter. Comcast comprises approximately 4.4% of Foxhaven Asset Management LP’s portfolio, making the stock its 9th biggest position. Foxhaven Asset Management LP’s holdings in Comcast were worth $62,572,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Kahn Brothers Group Inc. DE raised its position in Comcast by 65.4% in the first quarter. Kahn Brothers Group Inc. DE now owns 27,017 shares of the cable giant’s stock worth $624,000 after acquiring an additional 10,687 shares in the last quarter. Insight Capital Research & Management Inc. purchased a new position in Comcast in the first quarter worth $753,000. Mutual of America Capital Management LLC raised its position in Comcast by 139.7% in the first quarter. Mutual of America Capital Management LLC now owns 679,346 shares of the cable giant’s stock worth $25,537,000 after acquiring an additional 395,902 shares in the last quarter. Intellectus Partners LLC raised its position in Comcast by 72.3% in the first quarter. Intellectus Partners LLC now owns 15,480 shares of the cable giant’s stock worth $582,000 after acquiring an additional 6,494 shares in the last quarter. Finally, Stevens Capital Management LP raised its position in Comcast by 1,392.2% in the first quarter. Stevens Capital Management LP now owns 696,476 shares of the cable giant’s stock worth $26,181,000 after acquiring an additional 649,800 shares in the last quarter. 82.50% of the stock is owned by hedge funds and other institutional investors.
CMCSA has been the topic of a number of analyst reports. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.72.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. 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 previous year, the business earned $0.92 EPS. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. research analysts predict that Comcast Corporation will post 2.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.63%. Comcast’s dividend payout ratio is presently 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.