Comcast Corporation (CMCSA) Position Boosted by ClariVest Asset Management LLC

ClariVest Asset Management LLC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,469,431 shares of the cable giant’s stock after buying an additional 10,077 shares during the quarter. Comcast Corporation comprises approximately 1.3% of ClariVest Asset Management LLC’s portfolio, making the stock its 12th biggest holding. ClariVest Asset Management LLC’s holdings in Comcast Corporation were worth $57,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMCSA. United States Steel & Carnegie Pension Fund raised its holdings in shares of Comcast Corporation by 100.0% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock worth $42,334,000 after purchasing an additional 563,108 shares during the period. Waldron LP raised its holdings in shares of Comcast Corporation by 191.1% in the 1st quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock worth $1,767,000 after purchasing an additional 30,777 shares during the period. Parsons Capital Management Inc. RI raised its holdings in shares of Comcast Corporation by 101.4% in the 1st quarter. Parsons Capital Management Inc. RI now owns 294,701 shares of the cable giant’s stock worth $11,078,000 after purchasing an additional 148,383 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Comcast Corporation by 99.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 499,986 shares of the cable giant’s stock worth $18,794,000 after purchasing an additional 249,393 shares during the period. Finally, Bridge Creek Capital Management LLC raised its holdings in shares of Comcast Corporation by 87.3% in the 1st quarter. Bridge Creek Capital Management LLC now owns 86,820 shares of the cable giant’s stock worth $3,264,000 after purchasing an additional 40,477 shares during the period. Hedge funds and other institutional investors own 81.84% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 36.01 on Monday. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company’s 50-day moving average price is $38.35 and its 200-day moving average price is $39.25. The firm has a market cap of $169.73 billion, a PE ratio of 18.14 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.75%. Comcast Corporation’s dividend payout ratio is 31.74%.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,982 shares of company stock valued at $385,050. Company insiders own 1.28% of the company’s stock.

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A number of equities research analysts have recently issued reports on CMCSA shares. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $44.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast Corporation currently has an average rating of “Buy” and an average price target of $45.83.

Comcast Corporation 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.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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