Comcast Co. (CMCSA) Holdings Lifted by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,037,092 shares of the cable giant’s stock after purchasing an additional 34,458 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Comcast were worth $72,133,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Robecosam AG boosted its holdings in Comcast by 18.1% during the third quarter. Robecosam AG now owns 9,210 shares of the cable giant’s stock worth $324,000 after buying an additional 1,410 shares in the last quarter. Carroll Financial Associates Inc. boosted its holdings in Comcast by 13.4% during the second quarter. Carroll Financial Associates Inc. now owns 12,234 shares of the cable giant’s stock worth $401,000 after buying an additional 1,444 shares in the last quarter. Aries Wealth Management boosted its holdings in Comcast by 11.6% during the second quarter. Aries Wealth Management now owns 14,395 shares of the cable giant’s stock worth $515,000 after buying an additional 1,500 shares in the last quarter. Resources Investment Advisors Inc. boosted its holdings in Comcast by 51.4% during the second quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock worth $147,000 after buying an additional 1,516 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its holdings in Comcast by 2.1% during the second quarter. Perkins Coie Trust Co now owns 74,403 shares of the cable giant’s stock worth $2,440,000 after buying an additional 1,534 shares in the last quarter. Institutional investors and hedge funds own 80.39% of the company’s stock.

In related news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the sale, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the sale, the executive vice president now owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

CMCSA has been the topic of several recent analyst reports. TD Securities decreased their price objective on shares of Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, September 25th. Pivotal Research reaffirmed a “buy” rating on shares of Comcast in a report on Friday, August 10th. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Citigroup initiated coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $48.00 price objective on the stock. Finally, MED initiated coverage on shares of Comcast in a report on Wednesday, October 24th. They set a “buy” rating and a $43.00 price objective on the stock. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.57.

Shares of NASDAQ CMCSA opened at $38.34 on Friday. The stock has a market capitalization of $177.88 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The business had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. As a group, equities research analysts predict that Comcast Co. will post 2.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is currently 36.89%.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Read More: Why is Cost of Capital Important?

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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