Comcast Corporation (CMCSA) Position Reduced by Autus Asset Management LLC
Autus Asset Management LLC lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,490 shares of the cable giant’s stock after selling 110 shares during the period. Autus Asset Management LLC’s holdings in Comcast Corporation were worth $369,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of CMCSA. State Street Corp grew its stake in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after acquiring an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC grew its stake in Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Comcast Corporation by 103.1% in the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Comcast Corporation by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares in the last quarter. 81.88% of the stock is owned by institutional investors.
A number of equities analysts have commented on the stock. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research note on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Finally, Argus boosted their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.84.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $36.85 on Friday. The firm has a market cap of $172,228.45, a PE ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 1 year low of $32.30 and a 1 year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is 30.36%.
In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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