Parametric Portfolio Associates LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 14.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,587,445 shares of the cable giant’s stock after acquiring an additional 1,633,563 shares during the period. Comcast makes up approximately 0.6% of Parametric Portfolio Associates LLC’s investment portfolio, making the stock its 23rd biggest position. Parametric Portfolio Associates LLC owned 0.27% of Comcast worth $489,903,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Roundview Capital LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $316,000. WealthPLAN Partners LLC raised its stake in shares of Comcast by 6,341.9% during the second quarter. WealthPLAN Partners LLC now owns 11,982 shares of the cable giant’s stock valued at $466,000 after acquiring an additional 11,796 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Comcast by 7.2% during the second quarter. Advisor Group Inc. now owns 180,118 shares of the cable giant’s stock valued at $6,725,000 after acquiring an additional 12,073 shares in the last quarter. Elkhorn Investments LLC raised its stake in shares of Comcast by 10.4% during the second quarter. Elkhorn Investments LLC now owns 34,702 shares of the cable giant’s stock valued at $1,374,000 after acquiring an additional 3,273 shares in the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of Comcast by 1.5% during the second quarter. Cibc World Markets Corp now owns 1,824,671 shares of the cable giant’s stock valued at $71,016,000 after acquiring an additional 26,420 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.
Several research firms have recently weighed in on CMCSA. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Moffett Nathanson raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Finally, Barclays decreased their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. One equities research 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $45.93.
Comcast Corporation (NASDAQ CMCSA) opened at $39.52 on Wednesday. The company has a market cap of $179,613.02, a P/E ratio of 19.07, a P/E/G ratio of 1.84 and a beta of 1.01. Comcast Corporation has a 12 month low of $34.03 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 (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. analysts forecast that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 2nd. Comcast’s payout ratio is presently 30.36%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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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