Rothschild Asset Management Inc. Has $78.58 Million Stake in Comcast Co. (CMCSA)

Rothschild Asset Management Inc. cut its stake in Comcast Co. (NASDAQ:CMCSA) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,042,138 shares of the cable giant’s stock after selling 107,078 shares during the quarter. Comcast accounts for about 0.9% of Rothschild Asset Management Inc.’s portfolio, making the stock its 12th biggest position. Rothschild Asset Management Inc.’s holdings in Comcast were worth $78,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new position in shares of Comcast in the second quarter valued at approximately $107,000. Clear Perspective Advisors LLC grew its holdings in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 1,362 shares in the last quarter. First Bank & Trust grew its holdings in shares of Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of Comcast in the second quarter valued at approximately $165,000. Finally, Shine Investment Advisory Services Inc. bought a new position in shares of Comcast in the second quarter valued at approximately $168,000. 82.20% of the stock is owned by hedge funds and other institutional investors.

Comcast Co. (NASDAQ:CMCSA) opened at $41.68 on Thursday. Comcast Co. has a twelve month low of $34.78 and a twelve month high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $195,457.11, a price-to-earnings ratio of 20.09, a PEG ratio of 1.83 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ 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 period last year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts anticipate that Comcast Co. will post 2.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is currently 30.36%.

In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction 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 sale, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Several equities analysts have recently issued reports on CMCSA shares. Buckingham Research assumed coverage on Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 target price for the company. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a report on Friday, November 17th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. Nomura reduced their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Pivotal Research increased their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the company. Comcast has an average rating of “Buy” and a consensus price target 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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