Gemmer Asset Management LLC maintained its stake in Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,487 shares of the cable giant’s stock at the end of the 2nd quarter. Gemmer Asset Management LLC’s holdings in Comcast Corporation were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Union Bankshares Corp boosted its position in shares of Comcast Corporation by 1.2% in the 2nd quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock worth $340,000 after purchasing an additional 101 shares in the last quarter. City Holding Co. boosted its position in shares of Comcast Corporation by 4.4% in the 2nd quarter. City Holding Co. now owns 5,572 shares of the cable giant’s stock worth $217,000 after purchasing an additional 236 shares in the last quarter. Central Bank & Trust Co. boosted its position in shares of Comcast Corporation by 2.5% in the 2nd quarter. Central Bank & Trust Co. now owns 13,585 shares of the cable giant’s stock worth $529,000 after purchasing an additional 330 shares in the last quarter. Curbstone Financial Management Corp boosted its position in shares of Comcast Corporation by 2.9% in the 2nd quarter. Curbstone Financial Management Corp now owns 14,152 shares of the cable giant’s stock worth $551,000 after purchasing an additional 400 shares in the last quarter. Finally, Oxbow Advisors LLC boosted its position in shares of Comcast Corporation by 7.9% in the 1st quarter. Oxbow Advisors LLC now owns 5,496 shares of the cable giant’s stock worth $207,000 after purchasing an additional 403 shares in the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.

CMCSA has been the topic of a number of analyst reports. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a report on Sunday, July 9th. Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective on shares of Comcast Corporation in a report on Friday, July 7th. Finally, Instinet restated a “buy” rating and issued a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.83.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded down 1.69% during midday trading on Thursday, hitting $37.88. The stock had a trading volume of 7,202,951 shares. The firm has a market capitalization of $178.54 billion, a P/E ratio of 19.08 and a beta of 1.01. The firm has a 50-day moving average of $39.84 and a 200 day moving average of $39.19. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast 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. Investors of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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Comcast Corporation 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.

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

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