Boston Partners Cuts Stake in Comcast Corporation (CMCSA)

Boston Partners lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 15,328,565 shares of the cable giant’s stock after selling 1,331,024 shares during the quarter. Boston Partners owned about 0.33% of Comcast Corporation worth $596,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of 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 worth $100,000 after buying an additional 1,340 shares during the last quarter. Zions Bancorporation lifted its stake in shares of Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. First Bank & Trust lifted its stake in shares of Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Comcast Corporation during the 1st quarter worth about $112,000. Finally, Founders Capital Management acquired a new stake in shares of Comcast Corporation during the 1st quarter worth about $113,000. Institutional investors own 81.93% of the company’s stock.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 over the last ninety days. 1.28% of the stock is currently owned by insiders.

Several analysts have weighed in on the stock. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Tuesday, June 20th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Finally, Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $45.83.

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Shares of Comcast Corporation (CMCSA) opened at 35.95 on Friday. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company’s 50 day moving average is $38.52 and its 200 day moving average is $39.22. The company has a market capitalization of $169.45 billion, a price-to-earnings ratio of 18.11 and a beta of 0.98.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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.

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

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