Proficio Capital Partners LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 274.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,585 shares of the cable giant’s stock after buying an additional 4,827 shares during the period. Proficio Capital Partners LLC’s holdings in Comcast Corporation were worth $266,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position 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 valued at $7,499,933,000 after buying an additional 98,570,377 shares during the period. Ameriprise Financial Inc. increased its position 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 valued at $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp increased its position in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after buying an additional 28,597,277 shares during the period. Fisher Asset Management LLC increased its position in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock valued at $953,459,000 after buying an additional 12,839,117 shares during the period. Finally, First Eagle Investment Management LLC increased its position 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 valued at $1,308,129,000 after buying an additional 12,625,830 shares during the period. 82.87% of the stock is owned by hedge funds and other institutional investors.

Comcast Corporation (NASDAQ:CMCSA) traded down 0.87% during midday trading on Wednesday, reaching $41.14. 3,436,189 shares of the company were exchanged. The company has a 50 day moving average of $39.31 and a 200-day moving average of $38.79. The company has a market capitalization of $193.91 billion, a price-to-earnings ratio of 20.73 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.

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Several equities analysts recently weighed in on the stock. Argus increased their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Instinet reiterated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $44.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price target (up previously from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Bank of America Corporation increased their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.69.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now owns 26,812 shares of the company’s stock, valued at $1,085,886. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.

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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