Sigma Investment Counselors Inc. increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 12.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,867 shares of the cable giant’s stock after acquiring an additional 1,500 shares during the period. Sigma Investment Counselors Inc.’s holdings in Comcast were worth $625,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its position in Comcast by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after buying an additional 19,495 shares during the last quarter. Chesley Taft & Associates LLC grew its position in shares of Comcast by 4.0% in the second quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock valued at $1,838,000 after purchasing an additional 1,675 shares during the last quarter. Cibc Bank USA grew its position in shares of Comcast by 23.1% in the second quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock valued at $1,145,000 after purchasing an additional 5,079 shares during the last quarter. Cypress Capital Management LLC acquired a new position in shares of Comcast in the second quarter valued at approximately $8,070,000. Finally, Crestline Management LP acquired a new position in shares of Comcast in the second quarter valued at approximately $471,000. Institutional investors and hedge funds own 82.82% of the company’s stock.

Shares of CMCSA traded down $0.36 during trading hours on Friday, reaching $45.57. The stock had a trading volume of 11,362,944 shares, compared to its average volume of 16,027,608. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The stock has a market capitalization of $208.75 billion, a PE ratio of 17.87, a PEG ratio of 1.26 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The company’s 50-day moving average is $45.43 and its two-hundred day moving average is $43.39.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. During the same period in the prior year, the company earned $0.65 EPS. Comcast’s revenue was up 23.6% compared to the same quarter last year. Equities analysts anticipate that Comcast Co. will post 3.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, October 1st. Comcast’s dividend payout ratio is currently 32.94%.

In related news, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total transaction of $37,507.04. Following the completion of the transaction, the senior vice president now directly owns 3,419 shares of the company’s stock, valued at approximately $151,222.37. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at $1,333,023.09. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

CMCSA has been the topic of several research reports. Benchmark initiated coverage on Comcast in a research report on Wednesday, September 25th. They issued a “buy” rating and a $64.00 target price on the stock. Sanford C. Bernstein initiated coverage on Comcast in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 target price on the stock. Cfra set a $50.00 target price on Comcast and gave the company a “buy” rating in a research report on Wednesday, August 21st. Pivotal Research upped their target price on Comcast from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Oppenheimer raised Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $49.06.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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