Private Capital Advisors Inc. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,209 shares of the cable giant’s stock after selling 12,455 shares during the period. Comcast Corporation accounts for about 3.2% of Private Capital Advisors Inc.’s holdings, making the stock its 3rd biggest position. Private Capital Advisors Inc.’s holdings in Comcast Corporation were worth $10,049,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its position in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after purchasing an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC lifted its position in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after purchasing an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Comcast Corporation by 95.7% during 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 purchasing an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Comcast Corporation by 103.1% during 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 purchasing an additional 28,597,277 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Comcast Corporation by 102.5% during 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 purchasing an additional 12,839,117 shares during the last quarter. 81.93% of the stock is owned by institutional investors.

Several brokerages have issued reports on CMCSA. Moffett Nathanson lowered shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research report on Tuesday, June 20th. ValuEngine lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Robert W. Baird reiterated a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Finally, Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $45.83.

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Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.65%. Comcast Corporation’s dividend payout ratio is presently 31.74%.

In other news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The stock was 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 directly owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value 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. 1.28% of the stock is owned by company insiders.

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

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