Bridges Investment Counsel Inc. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 67.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,092 shares of the cable giant’s stock after selling 61,724 shares during the quarter. Bridges Investment Counsel Inc.’s holdings in Comcast were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Biegel & Waller LLC purchased a new stake in shares of Comcast in the 2nd quarter worth $432,000. Penobscot Investment Management Company Inc. increased its stake in shares of Comcast by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after purchasing an additional 2,828 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of Comcast by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after purchasing an additional 186,920 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Comcast by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after purchasing an additional 451,551 shares in the last quarter. Finally, Tower Bridge Advisors increased its stake in shares of Comcast by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after purchasing an additional 13,003 shares in the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Corporation (CMCSA) opened at $39.71 on Friday. The firm has a market capitalization of $188,390.00, a PE ratio of 19.41, a PEG ratio of 1.87 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 12-month low of $34.12 and a 12-month high of $42.18.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. sell-side analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.58%. Comcast’s payout ratio is 29.72%.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Several equities research analysts have recently commented on the company. Macquarie restated a “buy” rating and issued a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating on shares of Comcast in a research note on Wednesday, September 20th. Finally, Barclays cut their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $45.72.

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Comcast 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 (NASDAQ:CMCSA)

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