Comcast Corporation (CMCSA) Shares Sold by Investment Centers of America Inc.
Investment Centers of America Inc. cut its holdings in Comcast Corporation (NASDAQ:CMCSA) by 23.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,360 shares of the cable giant’s stock after selling 7,572 shares during the quarter. Investment Centers of America Inc.’s holdings in Comcast were worth $951,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp grew its position in shares of Comcast by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its position in Comcast by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Comcast by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after acquiring an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Comcast by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after acquiring an additional 680,012 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Comcast by 6.0% during the 2nd quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after acquiring an additional 1,839,436 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $35.87 on Monday. Comcast Corporation has a 12 month low of $34.01 and a 12 month high of $42.18. 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 firm has a market capitalization of $167,648.16, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.88 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. equities analysts expect 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. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
CMCSA has been the subject of a number of recent research reports. Guggenheim raised Comcast from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Argus upped their price target on Comcast from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. UBS AG reaffirmed an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price target on shares of Comcast in a research report on Friday, September 1st. Finally, ValuEngine downgraded Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Comcast presently has an average rating of “Buy” and an average target price of $45.93.
In other Comcast news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The stock was 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 in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
Comcast 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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