Dorsey & Whitney Trust CO LLC Increases Holdings in Comcast Corporation (CMCSA)

Dorsey & Whitney Trust CO LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,288 shares of the cable giant’s stock after acquiring an additional 3,463 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Comcast Corporation were worth $2,307,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its holdings 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 acquiring an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Ameriprise Financial Inc. boosted its holdings 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 acquiring an additional 29,199,805 shares during the period. Bank of New York Mellon Corp boosted its stake in Comcast Corporation by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Comcast Corporation by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock valued at $1,273,100,000 after buying an additional 1,839,436 shares during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. Buckingham Research assumed coverage on Comcast Corporation in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price objective for the company. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, November 17th. OTR Global lowered Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Nomura dropped their price objective on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Barclays PLC dropped their price objective on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.93.

Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $35.87 on Friday. Comcast Corporation has a 12-month low of $34.01 and a 12-month high of $42.18. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $170,172.00, a PE ratio of 18.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. equities research analysts forecast that Comcast Corporation will post 2.06 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. Comcast Corporation’s payout ratio is 30.36%.

In other news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

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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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