Comcast Corporation (CMCSA) Holdings Lifted by Advisor Group Inc.
Advisor Group Inc. grew its position in Comcast Corporation (NASDAQ:CMCSA) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,118 shares of the cable giant’s stock after buying an additional 12,073 shares during the quarter. Advisor Group Inc.’s holdings in Comcast were worth $6,725,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares in the last quarter. State Street Corp lifted its position in shares of Comcast by 97.6% in the first 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 in the last quarter. Clearbridge Investments LLC lifted its position in shares of Comcast by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after purchasing an additional 48,147,456 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Comcast by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after purchasing an additional 680,012 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Comcast by 6.0% in the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after purchasing an additional 1,839,436 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.
A number of analysts have recently issued reports on the stock. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. OTR Global lowered shares of Comcast to a “positive” rating in a research report on Monday, October 30th. Buckingham Research initiated coverage on shares of Comcast in a research report on Monday, November 20th. They set a “buy” rating and a $48.00 price objective on the stock. Wells Fargo & Company reaffirmed a “buy” rating and set a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. Finally, Nomura cut their price objective on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.93.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities research analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.59%. Comcast’s dividend payout ratio (DPR) is presently 30.36%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were 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 in the company, valued at $916,096.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
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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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