AQR Capital Management LLC grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 165.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,975,277 shares of the cable giant’s stock after acquiring an additional 4,351,602 shares during the period. AQR Capital Management LLC owned about 0.15% of Comcast Corporation worth $262,201,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after acquiring an additional 98,570,377 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Comcast Corporation by 103.1% in the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after acquiring an additional 28,597,277 shares in the last quarter. Fisher Asset Management LLC lifted its position in Comcast Corporation by 102.5% in the 1st quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock valued at $953,459,000 after acquiring an additional 12,839,117 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in Comcast Corporation by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after acquiring an additional 12,625,830 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.
CMCSA has been the topic of several analyst reports. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus upped their price objective on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a report on Sunday, July 9th. Finally, Robert W. Baird reissued a “buy” rating and set a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.83.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 1.78% on Friday, hitting $36.93. 62,370,131 shares of the company were exchanged. The stock has a market capitalization of $174.06 billion, a PE ratio of 18.60 and a beta of 1.01. The firm’s 50-day moving average is $40.00 and its 200-day moving average is $39.17. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during 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%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
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In other news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.28% of the company’s stock.
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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