Comcast Corporation (CMCSA) Shares Bought by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 56.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,462 shares of the cable giant’s stock after buying an additional 3,036 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Comcast were worth $326,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Kahn Brothers Group Inc. DE lifted its position in shares of 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 purchasing an additional 10,687 shares in the last quarter. Insight Capital Research & Management Inc. bought a new stake in shares of Comcast in the first quarter worth $753,000. Mutual of America Capital Management LLC lifted its position in shares of 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 purchasing an additional 395,902 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of 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 purchasing an additional 6,494 shares in the last quarter. Finally, Stevens Capital Management LP lifted its position in shares of 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 purchasing an additional 649,800 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) opened at $39.71 on Monday. The firm has a market cap of $185,595.44, a PE ratio of 19.71, a PEG ratio of 1.90 and a beta of 1.01. Comcast Corporation has a 1 year low of $34.12 and a 1 year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, January 2nd. Comcast’s payout ratio is presently 30.36%.

In related news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

Several analysts have issued reports on the stock. ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Pivotal Research upped their price target on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Moffett Nathanson raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Barclays dropped their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Finally, KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. One 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. The company has a consensus rating of “Buy” and a consensus target price of $45.72.

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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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