Klingenstein Fields & Co. LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,521,750 shares of the cable giant’s stock after selling 59,707 shares during the quarter. Comcast Corporation makes up about 2.3% of Klingenstein Fields & Co. LLC’s investment portfolio, making the stock its 6th largest holding. Klingenstein Fields & Co. LLC’s holdings in Comcast Corporation were worth $59,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its position in Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares in the last quarter. Zions Bancorporation increased its position in Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Comcast Corporation during the 1st quarter valued at approximately $112,000. Founders Capital Management bought a new position in Comcast Corporation during the 1st quarter valued at approximately $113,000. Finally, Pacific Center for Financial Services increased its position in Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after buying an additional 1,788 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.

In related 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 directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

Comcast Corporation (NASDAQ:CMCSA) opened at 38.10 on Friday. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The stock has a market capitalization of $179.58 billion, a P/E ratio of 19.19 and a beta of 1.01. The stock has a 50 day moving average price of $39.84 and a 200-day moving average price of $39.19.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the firm earned $0.83 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Comcast Corporation will post $2.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

A number of research analysts recently weighed in on the company. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Instinet reaffirmed a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Moffett Nathanson raised Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $45.83.

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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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