Pictet Asset Management Ltd. Buys 567,164 Shares of Comcast Corporation (CMCSA)

Pictet Asset Management Ltd. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 15.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,297,295 shares of the cable giant’s stock after purchasing an additional 567,164 shares during the period. Pictet Asset Management Ltd. owned 0.09% of Comcast Corporation worth $179,154,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after acquiring an additional 1,340 shares in the last quarter. Zions Bancorporation lifted its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares in the last quarter. First Bank & Trust lifted its position in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast Corporation in the first quarter valued at about $112,000. Finally, Founders Capital Management purchased a new position in shares of Comcast Corporation in the first quarter valued at about $113,000. 81.93% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Pictet Asset Management Ltd. Buys 567,164 Shares of Comcast Corporation (CMCSA)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/pictet-asset-management-ltd-buys-567164-shares-of-comcast-corporation-cmcsa.html.

In other news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation 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 sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,982 shares of company stock worth $385,050. Corporate insiders own 1.28% of the company’s stock.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at 38.01 on Monday. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm’s 50-day moving average price is $38.94 and its 200-day moving average price is $39.22. The stock has a market capitalization of $179.16 billion, a P/E ratio of 19.15 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. On average, equities research analysts forecast that Comcast Corporation will post $2.04 EPS 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 given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.

Several equities analysts have recently commented on the company. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research report on Wednesday, October 4th. Morgan Stanley restated an “overweight” rating and issued a $44.00 price objective on shares of Comcast Corporation in a research report on Thursday, September 21st. KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research 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 stock. The

A number of other large investors also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after acquiring an additional 1,340 shares in the last quarter. Zions Bancorporation lifted its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares in the last quarter. First Bank & Trust lifted its position in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast Corporation in the first quarter valued at about $112,000. Finally, Founders Capital Management purchased a new position in shares of Comcast Corporation in the first quarter valued at about $113,000. 81.93% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Pictet Asset Management Ltd. Buys 567,164 Shares of Comcast Corporation (CMCSA)” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/09/pictet-asset-management-ltd-buys-567164-shares-of-comcast-corporation-cmcsa.html.

In other news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation 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 sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,982 shares of company stock worth $385,050. Corporate insiders own 1.28% of the company’s stock.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at 38.01 on Monday. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm’s 50-day moving average price is $38.94 and its 200-day moving average price is $39.22. The stock has a market capitalization of $179.16 billion, a P/E ratio of 19.15 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. On average, equities research analysts forecast that Comcast Corporation will post $2.04 EPS 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 given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.

Several equities analysts have recently commented on the company. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research report on Wednesday, October 4th. Morgan Stanley restated an “overweight” rating and issued a $44.00 price objective on shares of Comcast Corporation in a research report on Thursday, September 21st. KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research 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 stock. The company has an average rating of “Buy” and an average price target of $45.83.

Comcast Corporation 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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