Cohen Lawrence B lessened its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 6.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,968 shares of the cable giant’s stock after selling 5,562 shares during the quarter. Comcast accounts for about 2.2% of Cohen Lawrence B’s investment portfolio, making the stock its 21st largest holding. Cohen Lawrence B’s holdings in Comcast were worth $3,347,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Gotham Asset Management LLC boosted its holdings in Comcast by 252.0% in the 1st quarter. Gotham Asset Management LLC now owns 477,413 shares of the cable giant’s stock worth $17,946,000 after acquiring an additional 341,800 shares during the period. BlueCrest Capital Management Ltd boosted its holdings in Comcast by 645.7% in the 1st quarter. BlueCrest Capital Management Ltd now owns 694,785 shares of the cable giant’s stock worth $26,117,000 after acquiring an additional 601,612 shares during the period. Investment Centers of America Inc. boosted its holdings in Comcast by 106.5% in the 1st quarter. Investment Centers of America Inc. now owns 31,932 shares of the cable giant’s stock worth $1,203,000 after acquiring an additional 16,465 shares during the period. AQR Capital Management LLC boosted its holdings in Comcast by 165.9% in the 1st quarter. AQR Capital Management LLC now owns 6,975,277 shares of the cable giant’s stock worth $262,201,000 after acquiring an additional 4,351,602 shares during the period. Finally, National Asset Management Inc. boosted its holdings in Comcast by 88.6% in the 1st quarter. National Asset Management Inc. now owns 42,909 shares of the cable giant’s stock worth $1,615,000 after acquiring an additional 20,159 shares during the period. 82.13% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on the company. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp reiterated a “neutral” rating on shares of Comcast in a research note on Sunday, September 17th. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Morgan Stanley reiterated an “overweight” rating and set a $44.00 target price on shares of Comcast in a research note on Thursday, September 21st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.72.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts anticipate that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.53%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is presently 29.72%.
In other news, EVP Arthur R. Block sold 3,937 shares of the firm’s 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 transaction, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s 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 transaction, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 over the last ninety days. 1.28% of the stock is owned by corporate insiders.
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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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