Pine River Capital Management L.P. reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 104,384 shares of the cable giant’s stock after selling 3,463 shares during the quarter. Pine River Capital Management L.P.’s holdings in Comcast were worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Biegel & Waller LLC purchased a new stake in Comcast in the second quarter worth $432,000. Penobscot Investment Management Company Inc. grew its position in shares of Comcast by 3.0% in the second quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after purchasing an additional 2,828 shares in the last quarter. WINTON GROUP Ltd grew its position in shares of Comcast by 573.3% in the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after purchasing an additional 186,920 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of Comcast by 100.9% in the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after purchasing an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors grew its position in shares of Comcast by 10.1% in the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after purchasing an additional 13,003 shares in the last quarter. 82.50% of the stock is owned by institutional investors and hedge funds.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $37.95 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Corporation has a 52 week low of $34.12 and a 52 week high of $42.18. The stock has a market capitalization of $177,370.00, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly 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 had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. sell-side analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is currently 29.72%.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. Macquarie reiterated a “buy” rating and issued a $40.00 price target on shares of Comcast in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.72.
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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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