Pacer Advisors Inc. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 44.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,342 shares of the cable giant’s stock after buying an additional 32,787 shares during the quarter. Comcast Corporation makes up approximately 0.5% of Pacer Advisors Inc.’s portfolio, making the stock its 23rd largest position. Pacer Advisors Inc.’s holdings in Comcast Corporation were worth $3,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Command Financial Services Inc. raised its position in shares of Comcast Corporation by 100.0% in the 1st quarter. First Command Financial Services Inc. now owns 14,504 shares of the cable giant’s stock worth $545,000 after acquiring an additional 7,252 shares in the last quarter. First National Bank & Trust Co. of Newtown raised its position in shares of Comcast Corporation by 103.1% in the 1st quarter. First National Bank & Trust Co. of Newtown now owns 22,670 shares of the cable giant’s stock worth $852,000 after acquiring an additional 11,510 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Comcast Corporation by 68.3% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,024 shares of the cable giant’s stock worth $490,000 after acquiring an additional 5,285 shares in the last quarter. Baldwin Brothers Inc. MA raised its position in shares of Comcast Corporation by 107.8% in the 1st quarter. Baldwin Brothers Inc. MA now owns 22,854 shares of the cable giant’s stock worth $859,000 after acquiring an additional 11,855 shares in the last quarter. Finally, MU Investments Co. Ltd. raised its position in shares of Comcast Corporation by 71.1% in the 1st quarter. MU Investments Co. Ltd. now owns 3,200 shares of the cable giant’s stock worth $120,000 after acquiring an additional 1,330 shares in the last quarter. 82.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comcast Corporation (NASDAQ CMCSA) traded up 1.11% during trading on Friday, hitting $41.06. The stock had a trading volume of 11,343,395 shares. The stock has a 50 day moving average of $40.20 and a 200 day moving average of $39.12. The firm has a market cap of $193.53 billion, a PE ratio of 20.69 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts anticipate that Comcast Corporation will post $2.04 EPS for the current year.

The firm 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 dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is 31.74%.

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Several research analysts have recently weighed in on the company. Instinet reissued a “buy” rating and issued a $46.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. TD Securities assumed coverage on Comcast Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price objective for the company. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $44.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast Corporation has a consensus rating of “Buy” and an average price target of $45.83.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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