Alerus Financial NA decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,011 shares of the cable giant’s stock after selling 1,176 shares during the period. Alerus Financial NA’s holdings in Comcast Corporation were worth $3,464,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Elkfork Partners LLC raised its position in Comcast Corporation by 98.3% in the 1st quarter. Elkfork Partners LLC now owns 139,832 shares of the cable giant’s stock worth $5,256,000 after buying an additional 69,322 shares during the last quarter. Capital Management Associates NY raised its position in Comcast Corporation by 87.4% in the 1st quarter. Capital Management Associates NY now owns 20,150 shares of the cable giant’s stock worth $757,000 after buying an additional 9,400 shares during the last quarter. Strategic Advisors LLC raised its position in Comcast Corporation by 139.5% in the 1st quarter. Strategic Advisors LLC now owns 20,766 shares of the cable giant’s stock worth $781,000 after buying an additional 12,097 shares during the last quarter. Point View Wealth Management Inc. raised its position in Comcast Corporation by 100.0% in the 1st quarter. Point View Wealth Management Inc. now owns 6,156 shares of the cable giant’s stock worth $231,000 after buying an additional 3,078 shares during the last quarter. Finally, Wellington Shields Capital Management LLC raised its position in Comcast Corporation by 92.7% in the 1st quarter. Wellington Shields Capital Management LLC now owns 89,274 shares of the cable giant’s stock worth $3,356,000 after buying an additional 42,937 shares during the last quarter. Institutional investors own 81.88% of the company’s stock.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

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A number of equities analysts have weighed in on CMCSA shares. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Barclays PLC decreased their target price on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Comcast Corporation in a research report on Tuesday, October 17th. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Argus boosted their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.84.

Comcast Corporation (CMCSA) opened at $36.85 on Friday. Comcast Corporation has a 52 week low of $32.30 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. The stock has a market capitalization of $170,873.08, a P/E ratio of 18.14, a P/E/G ratio of 1.89 and a beta of 1.00.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid 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 1.70%. Comcast Corporation’s payout ratio is 30.36%.

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.

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

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