Panagora Asset Management Inc. lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,491 shares of the cable giant’s stock after selling 64,112 shares during the period. Panagora Asset Management Inc.’s holdings in Comcast were worth $5,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. IMA Wealth Inc. acquired a new stake in shares of Comcast during the 2nd quarter valued at about $108,000. Acropolis Investment Management LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Comcast during the 2nd quarter valued at about $129,000. Resources Investment Advisors Inc. grew its position in shares of Comcast by 51.4% during the 2nd 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 shares of Comcast during the 3rd quarter valued at about $149,000. Hedge funds and other institutional investors own 79.99% of the company’s stock.

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

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

Shares of NASDAQ CMCSA opened at $37.88 on Friday. The company has a market capitalization of $175.05 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.18 and a current ratio of 1.18. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $22.14 billion for 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%. Analysts predict that Comcast Co. will post 2.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 2nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.01%. Comcast’s dividend payout ratio (DPR) is 36.89%.

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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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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