Bristol John W & Co. Inc. NY cut its position in shares of Comcast Corp. (NASDAQ:CMCSA) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,187,633 shares of the cable giant’s stock after selling 26,509 shares during the period. Comcast Corp. accounts for approximately 2.2% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 13th largest position. Bristol John W & Co. Inc. NY’s holdings in Comcast Corp. were worth $78,788,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in shares of Comcast Corp. during the second quarter worth approximately $446,948,000. Janus Capital Management LLC boosted its stake in shares of Comcast Corp. by 26.5% in the second quarter. Janus Capital Management LLC now owns 22,476,251 shares of the cable giant’s stock worth $1,465,205,000 after buying an additional 4,708,325 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Comcast Corp. during the second quarter worth approximately $275,565,000. Suvretta Capital Management LLC acquired a new stake in shares of Comcast Corp. during the second quarter worth approximately $103,940,000. Finally, Egerton Capital UK LLP boosted its stake in shares of Comcast Corp. by 12.6% in the second quarter. Egerton Capital UK LLP now owns 11,878,532 shares of the cable giant’s stock worth $774,362,000 after buying an additional 1,324,997 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

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

Comcast Corp. (NASDAQ:CMCSA) traded up 0.29% during mid-day trading on Friday, hitting $69.16. 3,481,776 shares of the stock were exchanged. Comcast Corp. has a one year low of $52.34 and a one year high of $69.92. The company has a market cap of $165.49 billion, a P/E ratio of 20.29 and a beta of 1.08. The company has a 50-day moving average price of $64.84 and a 200-day moving average price of $65.06.

Comcast Corp. (NASDAQ:CMCSA) last released its earnings results on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.01. Comcast Corp. had a return on equity of 15.22% and a net margin of 10.65%. The company had revenue of $21.32 billion for the quarter, compared to analysts’ expectations of $21.11 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Comcast Corp. will post $3.50 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on the stock. Telsey Advisory Group increased their price objective on shares of Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a research note on Friday, August 19th. Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on shares of Comcast Corp. in a research note on Sunday, September 25th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $75.00 price target (up from $69.00) on shares of Comcast Corp. in a research note on Monday, August 1st. Jefferies Group reaffirmed a “buy” rating and set a $77.00 price target on shares of Comcast Corp. in a research note on Friday, October 7th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target on shares of Comcast Corp. in a research note on Thursday, September 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Comcast Corp. has an average rating of “Buy” and an average target price of $73.15.

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

About Comcast Corp.

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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