Sterling Capital Management LLC Has $88.33 Million Stake in Comcast Co. (CMCSA)

Sterling Capital Management LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,692,113 shares of the cable giant’s stock after purchasing an additional 21,690 shares during the quarter. Sterling Capital Management LLC owned 0.06% of Comcast worth $88,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Argent Trust Co grew its position in Comcast by 16.7% in the 4th quarter. Argent Trust Co now owns 30,805 shares of the cable giant’s stock valued at $1,234,000 after acquiring an additional 4,417 shares during the last quarter. Mawer Investment Management Ltd. grew its position in Comcast by 6.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 5,179,142 shares of the cable giant’s stock valued at $176,838,000 after acquiring an additional 312,708 shares during the last quarter. Penobscot Investment Management Company Inc. grew its position in Comcast by 28.6% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 132,898 shares of the cable giant’s stock valued at $4,541,000 after acquiring an additional 29,521 shares during the last quarter. Synovus Financial Corp grew its position in Comcast by 3.8% in the 1st quarter. Synovus Financial Corp now owns 52,537 shares of the cable giant’s stock valued at $1,794,000 after acquiring an additional 1,899 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of Comcast by 62.6% in the 1st quarter. ING Groep NV now owns 1,938,932 shares of the cable giant’s stock worth $66,253,000 after buying an additional 746,573 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

CMCSA has been the subject of several research reports. Raymond James upgraded Comcast from a “market perform” rating to an “outperform” rating in a report on Thursday, July 19th. Robert W. Baird lowered their target price on Comcast from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Monday, July 30th. Pivotal Research reiterated a “buy” rating and issued a $48.00 target price on shares of Comcast in a report on Monday, July 30th. Macquarie set a $35.00 target price on Comcast and gave the stock a “hold” rating in a report on Wednesday, May 23rd. Finally, BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company. Comcast presently has an average rating of “Buy” and an average target price of $45.79.

Shares of NASDAQ CMCSA opened at $36.96 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $167.62 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.16 and a beta of 1.20. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. equities analysts forecast that Comcast Co. will post 2.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, October 2nd. Comcast’s dividend payout ratio is currently 36.89%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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