Sei Investments Co. Lowers Position in Comcast Corporation (CMCSA)
Sei Investments Co. lessened its stake in Comcast Corporation (NASDAQ:CMCSA) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,259,334 shares of the cable giant’s stock after selling 35,597 shares during the quarter. Sei Investments Co.’s holdings in Comcast Corporation were worth $87,934,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC raised its holdings in Comcast Corporation by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Ameriprise Financial Inc. raised its holdings in Comcast Corporation by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares during the period. Bank of New York Mellon Corp raised its holdings in Comcast Corporation by 103.1% during the 1st 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 acquiring an additional 28,597,277 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in Comcast Corporation by 56.9% during the 1st 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 acquiring an additional 12,625,830 shares during the period. 81.93% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on the stock. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Tuesday, June 20th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.83.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/10/05/sei-investments-co-lowers-position-in-comcast-corporation-cmcsa.html.
Comcast Corporation (CMCSA) opened at 38.59 on Thursday. The stock has a market capitalization of $181.89 billion, a price-to-earnings ratio of 19.44 and a beta of 0.98. The company has a 50-day moving average of $39.08 and a 200 day moving average of $39.22. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly 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 the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. On average, equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.63%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 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 $916,096.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is currently owned by 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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Stock Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related stocks with our FREE daily email newsletter.