Palisade Capital Management LLC NJ raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,376 shares of the cable giant’s stock after acquiring an additional 200 shares during the quarter. Palisade Capital Management LLC NJ’s holdings in Comcast Corporation were worth $1,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Comcast Corporation by 97.6% in 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 increased its stake in Comcast Corporation by 97.6% in 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. increased its stake in 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 purchasing an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 28,597,277 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in 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 purchasing an additional 12,625,830 shares during the last quarter. 81.93% of the stock is owned by institutional investors.

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Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 38.01 on Friday. The stock has a 50 day moving average price of $38.94 and a 200 day moving average price of $39.22. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market cap of $179.16 billion, a P/E ratio of 19.15 and a beta of 0.98.

Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same period last year, the company earned $0.83 earnings per share. The business’s revenue was up 9.8% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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

In other news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is currently 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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