Comcast Corporation (CMCSA) Holdings Cut by Private Management Group Inc.

Private Management Group Inc. lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,684 shares of the cable giant’s stock after selling 2,500 shares during the period. Private Management Group Inc.’s holdings in Comcast were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Comcast by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Comcast by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock worth $2,048,075,000 after purchasing an additional 522,139 shares during the last quarter. Veritas Asset Management LLP grew its holdings in shares of Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after purchasing an additional 1,189,200 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after purchasing an additional 1,839,436 shares during the last quarter. Hedge funds and other institutional investors own 82.13% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) opened at $42.44 on Friday. Comcast Corporation has a 12 month low of $34.78 and a 12 month high of $42.71. 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 stock has a market capitalization of $198,350.00, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.85 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, beating 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 for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was down 1.6% compared to the same quarter last year. equities research analysts anticipate that Comcast Corporation will post 2.05 EPS for the current year.

The firm 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 $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.72%.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,402 shares of company stock worth $22,961,401. Insiders own 1.28% of the company’s stock.

Several analysts recently commented on CMCSA shares. Barclays reduced their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Buckingham Research upped their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 8th. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. KeyCorp reiterated a “hold” rating on shares of Comcast in a report on Tuesday, October 17th. Finally, Pivotal Research reiterated a “buy” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. Comcast has a consensus rating of “Buy” and a consensus target price of $46.15.

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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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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