Jacobi Capital Management LLC Reduces Holdings in Comcast Corporation (CMCSA)

Jacobi Capital Management LLC cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,827 shares of the cable giant’s stock after selling 136 shares during the quarter. Jacobi Capital Management LLC’s holdings in Comcast Corporation were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. State Street Corp raised its position in Comcast Corporation 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 in the last quarter. Clearbridge Investments LLC raised its position in Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. raised its position in Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp raised its position in Comcast Corporation by 1.2% in 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 acquiring an additional 680,012 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Comcast Corporation by 56.9% during the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was 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 of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following 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. Insiders own 1.28% of the company’s stock.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.16 on Friday. The company has a market capitalization of $169,003.56, a P/E ratio of 17.95, a P/E/G ratio of 1.87 and a beta of 1.00. Comcast Corporation has a 12 month low of $33.97 and a 12 month high of $42.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.

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

The company 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. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.74%. Comcast Corporation’s payout ratio is 30.36%.

Several research firms have issued reports on CMCSA. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a report on Friday. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Barclays PLC cut their price objective on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.84.

Comcast Corporation 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 Corporation (NASDAQ:CMCSA)

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