Banque Pictet & Cie SA raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,615 shares of the cable giant’s stock after buying an additional 2,175 shares during the quarter. Banque Pictet & Cie SA’s holdings in Comcast Corporation were worth $10,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. State Street Corp lifted its position in 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 buying an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC lifted its position in 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 buying an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. lifted its position in 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 buying an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Comcast Corporation by 103.1% during the first 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 purchasing an additional 28,597,277 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Comcast Corporation by 56.9% during 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 last quarter. 81.88% of the stock is owned by institutional investors and hedge funds.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $172,228.45, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00. Comcast Corporation has a twelve month low of $32.30 and a twelve month high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts anticipate 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. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is presently 30.36%.

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

In other 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 value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were 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 directly owns 68,478 shares in the company, valued at approximately $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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About Comcast Corporation

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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