Mariner Wealth Advisors LLC lessened its position in Comcast Corporation (NASDAQ:CMCSA) by 31.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,569 shares of the cable giant’s stock after selling 33,780 shares during the period. Mariner Wealth Advisors LLC’s holdings in Comcast were worth $2,864,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after acquiring an additional 8,677,771 shares in the last quarter. State Street Corp increased its position in shares of Comcast by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after acquiring an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Comcast by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Comcast by 1.2% during 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 acquiring an additional 680,012 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Comcast by 6.0% during the second quarter. Alliancebernstein L.P. now owns 32,710,682 shares of the cable giant’s stock worth $1,273,100,000 after acquiring an additional 1,839,436 shares in the last quarter. 82.51% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on CMCSA shares. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a research report on Wednesday, October 4th. Pivotal Research increased their price objective on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company reissued a “buy” rating and set a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Comcast currently has an average rating of “Buy” and a consensus 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 analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. equities research analysts expect that Comcast Corporation will post 2.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.
In other Comcast news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on 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 owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. 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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