Comcast Co. (CMCSA) Stake Lessened by HM Payson & Co.

HM Payson & Co. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,140 shares of the cable giant’s stock after selling 2,376 shares during the quarter. HM Payson & Co.’s holdings in Comcast were worth $1,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. boosted its position in Comcast by 0.8% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 173,376 shares of the cable giant’s stock worth $6,139,000 after purchasing an additional 1,390 shares in the last quarter. Boyar Asset Management Inc. boosted its position in Comcast by 1.3% in the 3rd quarter. Boyar Asset Management Inc. now owns 107,169 shares of the cable giant’s stock worth $3,795,000 after purchasing an additional 1,393 shares in the last quarter. Robecosam AG boosted its position in Comcast by 18.1% in the 3rd quarter. Robecosam AG now owns 9,210 shares of the cable giant’s stock worth $324,000 after purchasing an additional 1,410 shares in the last quarter. Vident Investment Advisory LLC boosted its position in Comcast by 5.9% in the 3rd quarter. Vident Investment Advisory LLC now owns 25,949 shares of the cable giant’s stock worth $919,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Aries Wealth Management boosted its position in Comcast by 11.6% in the 2nd quarter. Aries Wealth Management now owns 14,395 shares of the cable giant’s stock worth $515,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Shares of Comcast stock opened at $39.01 on Monday. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $44.00. The stock has a market cap of $181.18 billion, a P/E ratio of 18.94, a PEG ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $22.14 billion during the quarter, compared to analysts’ expectations of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. As a group, equities analysts expect that Comcast Co. will post 2.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Monday, December 31st. Comcast’s payout ratio is presently 36.89%.

In other news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the sale, the executive vice president now owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $38,887.08. Following the sale, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

Several research analysts have recently weighed in on the company. Atlantic Securities raised Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 target price for the company in a research note on Monday, August 6th. Pivotal Research reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, August 10th. ValuEngine raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. UBS Group downgraded Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, September 24th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $42.00 target price on shares of Comcast in a research note on Monday, September 24th. Nine research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.61.

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About Comcast

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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