Beese Fulmer Investment Management Inc. decreased its position in Comcast Corp. (NASDAQ:CMCSA) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,644 shares of the cable giant’s stock after selling 1,082 shares during the period. Comcast Corp. accounts for approximately 2.9% of Beese Fulmer Investment Management Inc.’s portfolio, making the stock its 2nd largest position. Beese Fulmer Investment Management Inc.’s holdings in Comcast Corp. were worth $10,081,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. BlackRock Group LTD increased its position in shares of Comcast Corp. by 0.9% in the first quarter. BlackRock Group LTD now owns 23,038,443 shares of the cable giant’s stock worth $1,407,188,000 after buying an additional 201,627 shares in the last quarter. Algert Global LLC raised its stake in Comcast Corp. by 13.6% in the first quarter. Algert Global LLC now owns 4,611 shares of the cable giant’s stock worth $282,000 after buying an additional 551 shares during the last quarter. Wrapmanager Inc. raised its stake in Comcast Corp. by 6.2% in the first quarter. Wrapmanager Inc. now owns 31,390 shares of the cable giant’s stock worth $1,917,000 after buying an additional 1,825 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Comcast Corp. by 4.5% in the first quarter. Stratos Wealth Partners LTD. now owns 18,864 shares of the cable giant’s stock worth $1,152,000 after buying an additional 820 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in Comcast Corp. by 6.2% in the first quarter. Teachers Advisors Inc. now owns 4,808,142 shares of the cable giant’s stock worth $293,681,000 after buying an additional 281,963 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Comcast Corp. (NASDAQ:CMCSA)

Comcast Corp. (NASDAQ:CMCSA) traded up 0.44% during mid-day trading on Monday, hitting $65.65. 3,317,903 shares of the company were exchanged. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The company has a 50 day moving average of $65.97 and a 200 day moving average of $64.18. The stock has a market cap of $158.34 billion, a P/E ratio of 19.96 and a beta of 1.05.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. On average, equities research analysts expect that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, October 3rd. Comcast Corp.’s payout ratio is 33.43%.

A number of equities research analysts recently weighed in on the stock. RBC Capital Markets reaffirmed an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Comcast Corp. in a report on Thursday, July 28th. Nomura reissued a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. Pivotal Research raised their price objective on shares of Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, July 7th. Royal Bank Of Canada raised their price objective on shares of Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Finally, Argus raised their price objective on shares of Comcast Corp. from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Comcast Corp. presently has an average rating of “Buy” and a consensus price target of $72.00.

In other news, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $65.68, for a total value of $993,147.28. Following the sale, the executive vice president now owns 66,289 shares of the company’s stock, valued at approximately $4,353,861.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 1,023 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the completion of the sale, the executive vice president now directly owns 47,539 shares in the company, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by insiders.

Comcast Corp. Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

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