Amundi Pioneer Asset Management Inc. grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 9.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,067,858 shares of the cable giant’s stock after buying an additional 421,610 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Comcast were worth $195,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Connecticut Wealth Management LLC raised its holdings in shares of Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. increased its position in shares of Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after acquiring an additional 30 shares in the last quarter. Clarius Group LLC increased its position in shares of Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after acquiring an additional 32 shares in the last quarter. GM Advisory Group Inc. increased its position in shares of Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after acquiring an additional 48 shares in the last quarter. Finally, Peoples Bank OH increased its position in shares of Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 82.26% of the company’s stock.

In related news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold a total of 593,402 shares of company stock valued at $22,961,401 over the last three months. Insiders own 1.28% of the company’s stock.

Comcast Co. (NASDAQ CMCSA) opened at $42.44 on Wednesday. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $42.92. The firm has a market cap of $198,350.00, a P/E ratio of 20.02, a PEG ratio of 1.84 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the prior year, the firm earned $0.92 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. sell-side analysts anticipate that Comcast Co. will post 2.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 29.72%.

CMCSA has been the subject of several recent research reports. Macquarie reissued a “buy” rating and set a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. 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 target price for the company. Robert W. Baird reissued a “buy” rating and set a $43.00 target price on shares of Comcast in a research report on Friday, November 17th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Finally, Nomura decreased their target price on shares of Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.83.

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Comcast 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 (NASDAQ:CMCSA)

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