Northwestern Mutual Investment Management Company LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 249.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 956,681 shares of the cable giant’s stock after buying an additional 683,000 shares during the period. Comcast Corporation makes up approximately 0.6% of Northwestern Mutual Investment Management Company LLC’s portfolio, making the stock its 26th largest position. Northwestern Mutual Investment Management Company LLC’s holdings in Comcast Corporation were worth $35,962,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after buying an additional 28,597,277 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after buying an additional 12,625,830 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock valued at $953,459,000 after buying an additional 12,839,117 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Comcast Corporation by 151.5% in the first quarter. Swiss National Bank now owns 17,191,600 shares of the cable giant’s stock valued at $646,232,000 after buying an additional 10,356,700 shares during the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.

Comcast Corporation (NASDAQ CMCSA) traded up 0.22% on Monday, hitting $40.29. 2,197,618 shares of the company’s stock were exchanged. The company has a market cap of $189.90 billion, a PE ratio of 20.30 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company’s 50-day moving average price is $39.96 and its 200-day moving average price is $39.02.

Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $21.17 billion for 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%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

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CMCSA has been the subject of several research reports. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday. Credit Suisse Group upped their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Pivotal Research reaffirmed a “buy” rating and issued a $48.00 price target on shares of Comcast Corporation in a research report on Tuesday, June 27th. Finally, ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.69.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s 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 directly owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.28% of the company’s stock.

About Comcast Corporation

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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