Farallon Capital Management LLC lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 29.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,349,186 shares of the cable giant’s stock after selling 1,421,139 shares during the period. Comcast makes up about 1.4% of Farallon Capital Management LLC’s portfolio, making the stock its 24th largest holding. Farallon Capital Management LLC owned approximately 0.07% of Comcast worth $130,350,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Kahn Brothers Group Inc. DE lifted its holdings in shares of Comcast by 65.4% during the 1st quarter. Kahn Brothers Group Inc. DE now owns 27,017 shares of the cable giant’s stock worth $624,000 after acquiring an additional 10,687 shares during the period. Insight Capital Research & Management Inc. bought a new stake in shares of Comcast during the 1st quarter worth approximately $753,000. Mutual of America Capital Management LLC lifted its holdings in shares of Comcast by 139.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 679,346 shares of the cable giant’s stock worth $25,537,000 after acquiring an additional 395,902 shares during the period. Intellectus Partners LLC lifted its holdings in shares of Comcast by 72.3% during the 1st quarter. Intellectus Partners LLC now owns 15,480 shares of the cable giant’s stock worth $582,000 after acquiring an additional 6,494 shares during the period. Finally, Stevens Capital Management LP lifted its holdings in shares of Comcast by 1,392.2% during the 1st quarter. Stevens Capital Management LP now owns 696,476 shares of the cable giant’s stock worth $26,181,000 after acquiring an additional 649,800 shares during the period. 82.50% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at $37.95 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 12-month low of $34.12 and a 12-month high of $42.18. The stock has a market cap of $177,089.19, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.81 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the prior year, the company posted $0.92 EPS. The company’s revenue was down 1.6% on a year-over-year basis. equities research analysts predict that Comcast Corporation will post 2.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $43.00 price objective on shares of Comcast in a research report on Friday, September 1st. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. UBS reiterated an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Finally, Macquarie reiterated a “buy” rating and set a $40.00 price objective on shares of Comcast in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $45.72.
Comcast 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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