Atria Investments LLC Has $3.87 Million Holdings in Comcast Corporation (CMCSA)

Atria Investments LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 16.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,464 shares of the cable giant’s stock after buying an additional 14,073 shares during the quarter. Atria Investments LLC’s holdings in Comcast Corporation were worth $3,871,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. State Street Corp grew its holdings in Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Comcast Corporation by 103.1% in the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after buying an additional 28,597,277 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Comcast Corporation by 56.9% in the 1st 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 buying an additional 12,625,830 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.

CMCSA has been the subject of several analyst reports. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Pivotal Research restated a “buy” rating and issued a $48.00 target price on shares of Comcast Corporation in a report on Tuesday, June 27th. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.83.

Comcast Corporation (CMCSA) traded up 0.499% during midday trading on Tuesday, reaching $37.295. The company’s stock had a trading volume of 13,170,450 shares. The company has a market capitalization of $175.79 billion, a P/E ratio of 18.788 and a beta of 1.01. The company has a 50 day moving average of $39.93 and a 200-day moving average of $39.19. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

In other news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the company’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 directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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