Aberdeen Asset Management PLC UK lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,405,557 shares of the cable giant’s stock after selling 376,060 shares during the period. Comcast Corporation makes up approximately 1.4% of Aberdeen Asset Management PLC UK’s holdings, making the stock its 15th biggest position. Aberdeen Asset Management PLC UK owned about 0.22% of Comcast Corporation worth $404,985,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMCSA. State Street Corp increased its stake in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC increased its stake in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after purchasing an additional 29,199,805 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after purchasing an additional 12,625,830 shares during the period. Finally, Egerton Capital UK LLP increased its stake in shares of Comcast Corporation by 87.3% in the first quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock worth $806,811,000 after purchasing an additional 10,003,433 shares during the period. 82.47% of the stock is owned by institutional investors.

Comcast Corporation (CMCSA) opened at $36.16 on Friday. The company has a market capitalization of $173,260.00, a P/E ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1-year low of $33.97 and a 1-year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. Comcast Corporation’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. research analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is 29.72%.

A number of research firms have recently commented on CMCSA. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research note on Friday. Argus lifted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a research note on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Comcast Corporation in a research note on Tuesday, October 17th. Finally, OTR Global lowered Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Comcast Corporation presently has a consensus rating of “Buy” and a consensus target price of $45.84.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Aberdeen Asset Management PLC UK Has $404.99 Million Holdings in Comcast Corporation (CMCSA)” was posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.watchlistnews.com/aberdeen-asset-management-plc-uk-has-404-99-million-holdings-in-comcast-corporation-cmcsa/1711123.html.

Comcast Corporation 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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.