Comcast Corporation (CMCSA) Stake Lessened by M&T Bank Corp

M&T Bank Corp decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,784,689 shares of the cable giant’s stock after selling 28,062 shares during the quarter. M&T Bank Corp’s holdings in Comcast were worth $69,460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kahn Brothers Group Inc. DE boosted its holdings in shares of Comcast by 65.4% in the 1st quarter. Kahn Brothers Group Inc. DE now owns 27,017 shares of the cable giant’s stock worth $624,000 after buying an additional 10,687 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new position in shares of Comcast in the 1st quarter worth about $753,000. Mutual of America Capital Management LLC boosted its holdings in shares of Comcast by 139.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 679,346 shares of the cable giant’s stock worth $25,537,000 after buying an additional 395,902 shares during the last quarter. Intellectus Partners LLC boosted its holdings in shares of Comcast by 72.3% in the 1st quarter. Intellectus Partners LLC now owns 15,480 shares of the cable giant’s stock worth $582,000 after buying an additional 6,494 shares during the last quarter. Finally, Stevens Capital Management LP boosted its holdings in shares of Comcast by 1,392.2% in the 1st quarter. Stevens Capital Management LP now owns 696,476 shares of the cable giant’s stock worth $26,181,000 after buying an additional 649,800 shares during the last quarter. Hedge funds and other institutional investors own 82.51% of the company’s stock.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at $38.43 on Monday. Comcast Corporation has a fifty-two week low of $34.03 and a fifty-two week high of $42.18. The stock has a market cap of $179,613.02, a PE ratio of 19.07, a PEG ratio of 1.84 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s payout ratio is 30.36%.

A number of brokerages recently weighed in on CMCSA. Buckingham Research began coverage on shares of Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 price target on the stock. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast in a report on Friday, November 17th. OTR Global downgraded shares of Comcast to a “positive” rating in a report on Monday, October 30th. Nomura dropped their price objective on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Finally, Barclays dropped their price objective on shares of Comcast 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-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.93.

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 shares were 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 transaction was disclosed in a document filed with the SEC, 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 transaction of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. 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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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