Rainier Investment Management LLC Sells 41,020 Shares of Comcast Corporation (CMCSA)

Rainier Investment Management LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 54.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,360 shares of the cable giant’s stock after selling 41,020 shares during the period. Rainier Investment Management LLC’s holdings in Comcast Corporation were worth $1,338,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC boosted its stake in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. boosted its stake in shares of Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Peoples Bank OH boosted its stake in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares in the last quarter. Sabal Trust CO boosted its stake in shares of Comcast Corporation by 0.6% in the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after buying an additional 79 shares in the last quarter. Finally, Starfire Investment Advisers Inc. boosted its stake in shares of Comcast Corporation by 1.2% in the second quarter. Starfire Investment Advisers Inc. now owns 8,325 shares of the cable giant’s stock valued at $324,000 after buying an additional 95 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is currently owned by insiders.

A number of research firms recently weighed in on CMCSA. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a research note on Wednesday. Moffett Nathanson restated a “buy” rating on shares of Comcast Corporation in a research note on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Comcast Corporation in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research note on Wednesday, October 4th. Finally, Morgan Stanley restated an “overweight” rating and issued a $44.00 price target on shares of Comcast Corporation in a research note on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.83.

Comcast Corporation (NASDAQ:CMCSA) opened at 37.22 on Friday. The company has a 50-day moving average price of $37.87 and a 200 day moving average price of $39.19. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The firm has a market capitalization of $175.43 billion, a price-to-earnings ratio of 18.75 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. Equities analysts anticipate that Comcast Corporation will post $2.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. Comcast Corporati

Other large investors also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC boosted its stake in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. boosted its stake in shares of Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares in the last quarter. Peoples Bank OH boosted its stake in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares in the last quarter. Sabal Trust CO boosted its stake in shares of Comcast Corporation by 0.6% in the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after buying an additional 79 shares in the last quarter. Finally, Starfire Investment Advisers Inc. boosted its stake in shares of Comcast Corporation by 1.2% in the second quarter. Starfire Investment Advisers Inc. now owns 8,325 shares of the cable giant’s stock valued at $324,000 after buying an additional 95 shares in the last quarter. 81.84% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is currently owned by insiders.

A number of research firms recently weighed in on CMCSA. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a research note on Wednesday. Moffett Nathanson restated a “buy” rating on shares of Comcast Corporation in a research note on Monday, October 16th. KeyCorp restated a “hold” rating on shares of Comcast Corporation in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research note on Wednesday, October 4th. Finally, Morgan Stanley restated an “overweight” rating and issued a $44.00 price target on shares of Comcast Corporation in a research note on Thursday, September 21st. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $45.83.

Comcast Corporation (NASDAQ:CMCSA) opened at 37.22 on Friday. The company has a 50-day moving average price of $37.87 and a 200 day moving average price of $39.19. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The firm has a market capitalization of $175.43 billion, a price-to-earnings ratio of 18.75 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. Equities analysts anticipate that Comcast Corporation will post $2.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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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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