Comcast Corporation (CMCSA) Shares Sold by Bartlett & Co. LLC

Bartlett & Co. LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,768 shares of the cable giant’s stock after selling 1,700 shares during the period. Bartlett & Co. LLC’s holdings in Comcast were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the period. Egerton Capital UK LLP grew its position in Comcast by 87.3% during the 1st quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock worth $806,811,000 after purchasing an additional 10,003,433 shares during the period. Vanguard Group Inc. grew its position in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. UBS Asset Management Americas Inc. grew its position in Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares during the period. Finally, Nordea Investment Management AB grew its position in Comcast by 73.4% during the 1st quarter. Nordea Investment Management AB now owns 10,755,894 shares of the cable giant’s stock worth $404,314,000 after purchasing an additional 4,554,403 shares during the period. Institutional investors own 82.13% of the company’s stock.

Shares of Comcast Corporation (CMCSA) opened at $39.38 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $34.12 and a twelve month high of $42.18. The stock has a market capitalization of $182,931.39, a PE ratio of 19.42, a P/E/G ratio of 1.88 and a beta of 1.01.

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 Thomson Reuters’ 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 analysts’ expectations of $21.05 billion. During the same period in the previous year, the firm posted $0.92 EPS. Comcast’s revenue was down 1.6% compared to the same quarter last year. equities research analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is 30.36%.

In other Comcast 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 transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was 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 directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 593,556 shares of company stock worth $22,958,411. 1.28% of the stock is currently owned by insiders.

CMCSA has been the topic of several analyst reports. UBS reaffirmed an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Barclays cut their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. KeyCorp reaffirmed a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Finally, Pivotal Research restated a “buy” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday. One investment 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 currently has a consensus rating of “Buy” and an average 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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