Comcast Corporation (CMCSA) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 27.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,447,512 shares of the cable giant’s stock after selling 1,678,777 shares during the period. Jennison Associates LLC’s holdings in Comcast were worth $171,140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Connecticut Wealth Management LLC lifted its position in Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares during the last quarter. Financial Consulate Inc. lifted its position in Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the last quarter. Clarius Group LLC lifted its position in Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares during the last quarter. GM Advisory Group Inc. lifted its position in Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares during the last quarter. Finally, Peoples Bank OH lifted its position in Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the last quarter. 82.13% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on CMCSA. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global cut shares of Comcast to a “positive” rating in a research report on Monday, October 30th. Buckingham Research began coverage on shares of Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 target price for the company. Wells Fargo & Co reissued a “buy” rating and set a $49.00 target price on shares of Comcast in a research report on Monday, October 23rd. Finally, Nomura decreased their target price on shares of Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $45.72.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,402 shares of company stock valued at $22,961,401. Corporate insiders own 1.28% of the company’s stock.

Comcast Corporation (NASDAQ CMCSA) opened at $41.04 on Friday. The stock has a market cap of $191,811.56, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $34.78 and a fifty-two week 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 posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. sell-side analysts expect that Comcast Corporation will post 2.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.53%. Comcast’s dividend payout ratio is currently 30.36%.

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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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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