MARSHALL WACE ASIA Ltd decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,010 shares of the cable giant’s stock after selling 142,784 shares during the period. Comcast Corporation accounts for approximately 2.0% of MARSHALL WACE ASIA Ltd’s holdings, making the stock its 23rd largest position. MARSHALL WACE ASIA Ltd’s holdings in Comcast Corporation were worth $38,883,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares during the last quarter. First Bank & Trust lifted its position in Comcast Corporation by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the last quarter. Zions Bancorporation lifted its position in Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Comcast Corporation during the first quarter worth approximately $112,000. Finally, Founders Capital Management acquired a new stake in Comcast Corporation during the first quarter worth approximately $113,000. Institutional investors own 81.88% of the company’s stock.
Comcast Corporation (CMCSA) traded up $0.29 during trading on Friday, hitting $36.85. 18,010,300 shares of the stock were exchanged, compared to its average volume of 19,673,605. Comcast Corporation has a 1 year low of $32.30 and a 1 year high of $42.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market cap of $170,873.08, a P/E ratio of 18.14, a P/E/G ratio of 1.89 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results 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 Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. research analysts expect that Comcast Corporation will post 2.06 earnings per share 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 dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is currently 30.36%.
A number of equities research analysts have recently weighed in on the stock. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating on shares of Comcast Corporation in a research report on Wednesday, September 20th. Finally, Barclays PLC dropped their price target on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and a consensus target price of $45.84.
In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
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About Comcast Corporation
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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