Comcast Corporation (CMCSA) Stake Lessened by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the cable giant’s stock after selling 600 shares during the quarter. Paradigm Capital Management Inc. NY’s holdings in Comcast Corporation were worth $506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CMCSA. State Street Corp increased its position 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 increased its position 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. increased its position 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 increased its position in Comcast Corporation by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position 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. 81.60% of the stock is currently owned by institutional investors.

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Comcast Corporation (CMCSA) opened at $35.83 on Tuesday. Comcast Corporation has a 12 month low of $33.99 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. The company has a market capitalization of $168,540.00, a P/E ratio of 17.94, a P/E/G ratio of 1.91 and a beta of 1.00.

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

The company also recently disclosed 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 yield of 1.75%. Comcast Corporation’s payout ratio is 29.72%.

CMCSA has been the subject of a number of research analyst reports. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Moffett Nathanson raised Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Pivotal Research boosted their target price on Comcast Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. Finally, Barclays PLC decreased their target price on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Comcast Corporation currently has a consensus rating of “Buy” and a consensus target price of $45.84.

In related 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 value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.

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.

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

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