Global X Management Co LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 28.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,581 shares of the cable giant’s stock after selling 15,517 shares during the period. Global X Management Co LLC’s holdings in Comcast were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Argent Trust Co lifted its stake in Comcast by 16.7% in the 4th quarter. Argent Trust Co now owns 30,805 shares of the cable giant’s stock valued at $1,234,000 after purchasing an additional 4,417 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Comcast by 0.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 668,918 shares of the cable giant’s stock valued at $22,858,000 after purchasing an additional 4,666 shares during the last quarter. Boston Research & Management Inc. lifted its stake in Comcast by 5.2% in the 1st quarter. Boston Research & Management Inc. now owns 87,165 shares of the cable giant’s stock valued at $2,978,000 after purchasing an additional 4,330 shares during the last quarter. Fairfield Bush & CO. lifted its stake in Comcast by 11.0% in the 1st quarter. Fairfield Bush & CO. now owns 29,929 shares of the cable giant’s stock valued at $1,022,000 after purchasing an additional 2,956 shares during the last quarter. Finally, Gabelli Funds LLC lifted its stake in Comcast by 3.3% in the 1st quarter. Gabelli Funds LLC now owns 1,629,700 shares of the cable giant’s stock valued at $55,687,000 after purchasing an additional 52,000 shares during the last quarter. 80.10% of the stock is owned by institutional investors.

Shares of NASDAQ CMCSA opened at $35.63 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.86. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a market capitalization of $176.03 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.85 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was up 2.1% on a year-over-year basis. research analysts expect that Comcast Co. will post 2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 24th. Stockholders of record on Wednesday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 36.89%.

Several equities analysts recently commented on the stock. Pivotal Research reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, June 26th. Oppenheimer reissued a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. ValuEngine downgraded shares of Comcast from a “sell” rating to a “strong sell” rating in a research note on Monday. Finally, Moffett Nathanson restated a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.00.

Comcast 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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