Los Angeles Capital Management LLC Sells 216,235 Shares of Comcast Corporation $CMCSA

Los Angeles Capital Management LLC cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 9.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,052,553 shares of the cable giant’s stock after selling 216,235 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of Comcast worth $73,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the last quarter. Telos Capital Management Inc. grew its position in shares of Comcast by 41.0% during the 1st quarter. Telos Capital Management Inc. now owns 10,054 shares of the cable giant’s stock worth $371,000 after buying an additional 2,925 shares in the last quarter. Cerity Partners LLC increased its holdings in Comcast by 8.3% during the first quarter. Cerity Partners LLC now owns 1,121,927 shares of the cable giant’s stock valued at $41,399,000 after buying an additional 86,014 shares during the period. MJP Associates Inc. ADV raised its stake in Comcast by 24.5% in the first quarter. MJP Associates Inc. ADV now owns 22,751 shares of the cable giant’s stock worth $840,000 after buying an additional 4,472 shares in the last quarter. Finally, Investment Management Associates Inc. ADV boosted its position in Comcast by 23.3% during the 1st quarter. Investment Management Associates Inc. ADV now owns 273,750 shares of the cable giant’s stock valued at $10,101,000 after acquiring an additional 51,817 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Moffett Nathanson upped their price target on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Scotiabank reduced their price objective on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research note on Friday, October 31st. BNP Paribas Exane upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, Williams Trading set a $40.00 price target on Comcast in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $36.29.

Comcast Stock Performance

Shares of CMCSA stock opened at $27.35 on Friday. The firm has a market cap of $100.98 billion, a P/E ratio of 4.55, a PEG ratio of 1.77 and a beta of 0.92. The stock’s 50-day moving average is $30.76 and its two-hundred day moving average is $33.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a fifty-two week low of $25.75 and a fifty-two week high of $44.63.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion for the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a yield of 4.8%. Comcast’s dividend payout ratio is currently 21.96%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.