OppenheimerFunds Inc. trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 34.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,858,297 shares of the cable giant’s stock after selling 4,157,423 shares during the quarter. OppenheimerFunds Inc.’s holdings in Comcast were worth $278,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. IMA Wealth Inc. acquired a new stake in Comcast in the second quarter valued at approximately $108,000. Acropolis Investment Management LLC acquired a new stake in Comcast in the third quarter valued at approximately $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Comcast in the second quarter valued at approximately $129,000. Resources Investment Advisors Inc. grew its stake in Comcast by 51.4% in the second quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock valued at $147,000 after acquiring an additional 1,516 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in Comcast in the third quarter valued at approximately $149,000. Institutional investors own 79.99% of the company’s stock.

CMCSA opened at $37.69 on Thursday. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $44.00. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $175.05 billion, a PE ratio of 18.30, a PEG ratio of 1.19 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Comcast had a return on equity of 15.79% and a net margin of 27.33%. As a group, equities research analysts expect that Comcast Co. will post 2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.02%. Comcast’s payout ratio is currently 36.89%.

A number of brokerages have commented on CMCSA. BidaskClub cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Oppenheimer reissued a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, September 24th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. TD Securities reduced their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Tuesday, September 25th. Finally, Barclays began coverage on Comcast in a research note on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $44.61.

In other news, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

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About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

See Also: Intrinsic Value

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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