Ardevora Asset Management LLP Sells 2,600 Shares of Comcast Corporation (CMCSA)

Ardevora Asset Management LLP reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 0.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 748,418 shares of the cable giant’s stock after selling 2,600 shares during the period. Ardevora Asset Management LLP’s holdings in Comcast were worth $28,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Zions Bancorporation raised its holdings in Comcast by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC grew its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Comcast during the second quarter worth about $107,000. First Bank & Trust grew its stake in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of Comcast during the second quarter worth about $165,000. Hedge funds and other institutional investors own 82.13% of the company’s stock.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $41.09 on Thursday. The company has a market capitalization of $192,050.00, a P/E ratio of 19.38, a P/E/G ratio of 1.85 and a beta of 1.00. Comcast Corporation has a 52-week low of $34.78 and a 52-week high of $42.18. 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 issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ 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 quarter in the prior year, the firm earned $0.92 earnings per share. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts expect that Comcast Corporation will post 2.05 EPS for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.53%. Comcast’s dividend payout ratio is presently 29.72%.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the company’s 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 sale, the executive vice president now owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 593,402 shares of company stock worth $22,961,401. Insiders own 1.28% of the company’s stock.

CMCSA has been the topic of a number of research analyst reports. KeyCorp restated a “neutral” rating on shares of Comcast in a research note on Sunday, September 17th. Robert W. Baird restated an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Morgan Stanley restated an “overweight” rating and set a $44.00 price target on shares of Comcast in a research note on Thursday, September 21st. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the stock. Comcast has an average rating of “Buy” and an average price target of $46.15.

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Comcast 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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