Comcast Corporation (CMCSA) Shares Bought by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,638,365 shares of the cable giant’s stock after acquiring an additional 341,070 shares during the quarter. Pictet Asset Management Ltd. owned 0.10% of Comcast worth $178,485,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation boosted its stake in shares of Comcast by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares during the period. Clear Perspective Advisors LLC boosted its stake in shares of Comcast by 100.1% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the period. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast in the 2nd quarter valued at about $107,000. First Bank & Trust boosted its stake in shares of Comcast by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares during the period. Finally, Founders Capital Management purchased a new position in shares of Comcast in the 1st quarter valued at about $113,000. Institutional investors own 82.13% of the company’s stock.

Several equities analysts have recently issued reports on CMCSA shares. Barclays decreased their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. KeyCorp reiterated a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Pivotal Research reiterated a “buy” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, December 19th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.72.

Comcast Corporation (NASDAQ CMCSA) opened at $40.78 on Monday. The company has a market capitalization of $190,736.59, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. Comcast Corporation has a 12-month low of $34.12 and a 12-month high of $42.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. equities analysts expect that Comcast Corporation will post 2.05 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 30.36%.

In other Comcast news, EVP Arthur R. Block sold 4,091 shares of Comcast 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 transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 593,556 shares of company stock worth $22,958,411. 1.28% of the stock is currently owned by corporate insiders.

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About Comcast

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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