Strategy Asset Managers LLC Takes $2.55 Million Position in Comcast Corporation (CMCSA)

Strategy Asset Managers LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,229 shares of the cable giant’s stock, valued at approximately $2,548,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Zions Bancorporation raised its stake 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 buying an additional 410 shares in the last quarter. Independent Portfolio Consultants Inc. raised its stake in Comcast by 87.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,807 shares of the cable giant’s stock worth $265,000 after buying an additional 3,168 shares in the last quarter. SPF Beheer BV raised its stake in Comcast by 3.4% in the second quarter. SPF Beheer BV now owns 1,707,254 shares of the cable giant’s stock worth $66,446,000 after buying an additional 55,390 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Comcast by 0.5% in the second quarter. Handelsbanken Fonder AB now owns 573,000 shares of the cable giant’s stock worth $22,301,000 after buying an additional 2,600 shares in the last quarter. Finally, KAMES CAPITAL plc raised its stake in Comcast by 37.3% in the second quarter. KAMES CAPITAL plc now owns 1,474,625 shares of the cable giant’s stock worth $57,392,000 after buying an additional 400,432 shares in the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.

Shares of Comcast Corporation (CMCSA) opened at $41.09 on Thursday. The company has a market cap of $192,050.00, a price-to-earnings ratio of 19.38, a PEG 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 quick ratio of 0.74 and a current ratio of 0.74.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast’s payout ratio is 29.72%.

A number of equities research analysts have weighed in on the stock. Macquarie restated a “buy” rating and issued a $40.00 price objective on shares of Comcast in a report on Thursday, December 7th. Barclays cut their price target 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. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. OTR Global cut shares of Comcast to a “positive” rating in a report on Monday, October 30th. Finally, Buckingham Research started coverage on shares of Comcast in a report on Monday, November 20th. They set a “buy” rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.15.

In other news, 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 transaction of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock worth $22,961,401 over the last 90 days. 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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