Conning Inc. Has $36.18 Million Position in Comcast Corporation $CMCSA

Conning Inc. boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,013,786 shares of the cable giant’s stock after purchasing an additional 7,476 shares during the quarter. Comcast comprises approximately 1.2% of Conning Inc.’s investment portfolio, making the stock its 19th largest holding. Conning Inc.’s holdings in Comcast were worth $36,182,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CMCSA. Nuveen LLC acquired a new stake in Comcast in the 1st quarter valued at $940,015,000. Dodge & Cox lifted its stake in Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after acquiring an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares in the last quarter. KBC Group NV lifted its stake in Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after acquiring an additional 8,928,641 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Comcast by 119.1% during the 1st quarter. Acadian Asset Management LLC now owns 7,595,322 shares of the cable giant’s stock valued at $280,238,000 after acquiring an additional 4,128,434 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. UBS Group set a $43.00 price objective on Comcast in a research note on Friday, October 3rd. Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft dropped their price objective on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Finally, Bank of America lowered their target price on Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.94.

Comcast Trading Down 2.1%

Shares of Comcast stock opened at $29.46 on Friday. Comcast Corporation has a 52-week low of $29.42 and a 52-week high of $45.31. The stock’s 50-day simple moving average is $32.48 and its 200 day simple moving average is $33.95. The stock has a market capitalization of $108.77 billion, a P/E ratio of 4.87, a P/E/G ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share (EPS) for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion for the quarter. As a group, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.