Johnson Financial Group Inc. Trims Stake in Comcast Corporation (NASDAQ:CMCSA)

Johnson Financial Group Inc. lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 26.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 127,180 shares of the cable giant’s stock after selling 45,280 shares during the quarter. Comcast makes up about 0.7% of Johnson Financial Group Inc.’s investment portfolio, making the stock its 28th largest holding. Johnson Financial Group Inc.’s holdings in Comcast were worth $4,950,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Comcast by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after acquiring an additional 98,570,377 shares during the period. Clearbridge Investments LLC lifted its position in shares of Comcast by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Comcast by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Comcast by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after acquiring an additional 12,625,830 shares in the last quarter. Finally, Egerton Capital UK LLP lifted its position in shares of Comcast by 87.3% in the first quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock valued at $806,811,000 after acquiring an additional 10,003,433 shares in the last quarter. Institutional investors and hedge funds own 82.50% of the company’s stock.

In other 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 transaction of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction that occurred 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 completion of the sale, the director now owns 24,580 shares of the company’s stock, 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.

Shares of Comcast Corporation (NASDAQ:CMCSA) traded up $1.89 on Monday, reaching $40.32. The company’s stock had a trading volume of 55,137,394 shares, compared to its average volume of 20,171,219. The firm has a market cap of $189,590.00, a P/E ratio of 19.07, a P/E/G ratio of 1.84 and a beta of 1.00. 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 Corporation has a 12 month low of $34.03 and a 12 month high of $42.18.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.

Several brokerages have recently issued reports on CMCSA. Buckingham Research began coverage on Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price on the stock. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. OTR Global cut Comcast to a “positive” rating in a research note on Monday, October 30th. Nomura reduced their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Barclays cut their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus target price of $45.93.

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Comcast 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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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