Armstrong Shaw Associates Inc. CT Raises Stake in Comcast Co. (NASDAQ:CMCSA)

Armstrong Shaw Associates Inc. CT boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% during the 3rd quarter, Holdings Channel reports. The fund owned 100,844 shares of the cable giant’s stock after buying an additional 1,000 shares during the period. Comcast comprises about 4.1% of Armstrong Shaw Associates Inc. CT’s portfolio, making the stock its 6th largest position. Armstrong Shaw Associates Inc. CT’s holdings in Comcast were worth $4,546,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CMCSA. Nuveen Asset Management LLC grew its holdings in Comcast by 1,088.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 40,918,884 shares of the cable giant’s stock worth $1,730,050,000 after acquiring an additional 37,474,814 shares in the last quarter. APG Asset Management N.V. grew its holdings in Comcast by 89.7% during the 2nd quarter. APG Asset Management N.V. now owns 19,074,628 shares of the cable giant’s stock worth $708,180,000 after acquiring an additional 9,020,100 shares in the last quarter. BlackRock Inc. grew its holdings in Comcast by 2.7% during the 2nd quarter. BlackRock Inc. now owns 325,166,060 shares of the cable giant’s stock worth $13,748,022,000 after acquiring an additional 8,635,296 shares in the last quarter. Vanguard Group Inc. grew its holdings in Comcast by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 391,492,214 shares of the cable giant’s stock worth $16,552,290,000 after acquiring an additional 7,792,136 shares in the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd bought a new position in Comcast during the 2nd quarter worth about $305,744,000. Institutional investors own 82.73% of the company’s stock.

In related news, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the transaction, the chief executive officer now directly owns 4,108,522 shares of the company’s stock, valued at $184,801,319.56. The disclosure for this sale can be found here. Insiders sold a total of 518,696 shares of company stock valued at $23,333,254 over the last ninety days. 1.35% of the stock is currently owned by insiders.

Shares of Comcast stock opened at $45.23 on Wednesday. The firm has a market capitalization of $205.58 billion, a P/E ratio of 17.74, a PEG ratio of 1.21 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average price of $45.07 and a 200 day moving average price of $43.85. Comcast Co. has a 52 week low of $32.61 and a 52 week high of $47.27.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. The firm had revenue of $26.83 billion during the quarter, compared to analyst estimates of $26.77 billion. Comcast had a net margin of 11.45% and a return on equity of 24.25%. Comcast’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. As a group, research analysts anticipate that Comcast Co. will post 3.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Tuesday, January 7th. Comcast’s payout ratio is currently 32.94%.

CMCSA has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Comcast from $50.00 to $56.00 and gave the company a “buy” rating in a report on Friday, October 4th. Morgan Stanley set a $53.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Cfra set a $50.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. Wolfe Research set a $56.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Comcast in a report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $50.52.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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