Comcast Corporation (CMCSA) Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 126.8% during the first quarter, Holdings Channel reports. The firm owned 36,850 shares of the cable giant’s stock after buying an additional 20,600 shares during the period. Level Four Advisory Services LLC’s holdings in Comcast Corporation were worth $1,379,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the period. Finally, Fisher Asset Management LLC boosted its position in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares during the period. Institutional investors own 82.32% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.93% on Friday, reaching $41.11. The company’s stock had a trading volume of 16,735,288 shares. The firm’s 50 day moving average price is $39.47 and its 200-day moving average price is $38.77. The company has a market capitalization of $193.77 billion, a price-to-earnings ratio of 20.71 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $20.85 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post $2.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

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CMCSA has been the subject of several recent research reports. Telsey Advisory Group lifted their price objective on Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Credit Suisse Group lifted their price objective on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Instinet reiterated a “buy” rating and issued a $43.00 price objective (down previously from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Pivotal Research reiterated a “buy” rating and issued a $48.00 price objective on shares of Comcast Corporation in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.69.

In other news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now 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 currently owned by corporate insiders.

Comcast Corporation 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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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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