Comcast Co. (CMCSA) Position Cut by Stillwater Investment Management L.P.

Stillwater Investment Management L.P. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 17.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,048,700 shares of the cable giant’s stock after selling 224,300 shares during the period. Comcast accounts for 17.2% of Stillwater Investment Management L.P.’s holdings, making the stock its biggest position. Stillwater Investment Management L.P.’s holdings in Comcast were worth $40,354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its holdings in Comcast by 5.5% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 49,021 shares of the cable giant’s stock worth $1,886,000 after buying an additional 2,541 shares in the last quarter. Norinchukin Bank The lifted its holdings in Comcast by 3.0% during the third quarter. Norinchukin Bank The now owns 588,873 shares of the cable giant’s stock valued at $22,660,000 after purchasing an additional 16,958 shares in the last quarter. ING Groep NV lifted its holdings in Comcast by 463.4% during the third quarter. ING Groep NV now owns 1,718,489 shares of the cable giant’s stock valued at $66,127,000 after purchasing an additional 1,413,469 shares in the last quarter. Icon Advisers Inc. Co. lifted its holdings in Comcast by 15.8% during the third quarter. Icon Advisers Inc. Co. now owns 113,588 shares of the cable giant’s stock valued at $4,371,000 after purchasing an additional 15,500 shares in the last quarter. Finally, First Interstate Bank lifted its holdings in Comcast by 55.5% during the third quarter. First Interstate Bank now owns 6,897 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 2,462 shares in the last quarter. 82.20% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 over the last quarter. Company insiders own 1.28% of the company’s stock.

Several research firms have issued reports on CMCSA. Nomura reaffirmed a “neutral” rating and set a $42.00 price objective (down from $45.00) on shares of Comcast in a report on Thursday. Scotiabank set a $52.00 price objective on shares of Comcast and gave the company a “buy” rating in a report on Friday. Moffett Nathanson reaffirmed a “buy” rating and set a $52.00 price objective (up from $45.00) on shares of Comcast in a report on Thursday. Instinet downgraded shares of Comcast from a “buy” rating to a “neutral” rating and increased their price objective for the company from $42.00 to $45.00 in a report on Thursday. Finally, TD Securities downgraded shares of Comcast from an “action list buy” rating to a “buy” rating and increased their price objective for the company from $42.60 to $51.00 in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.83.

Shares of Comcast Co. (NASDAQ:CMCSA) opened at $42.50 on Friday. The company has a market cap of $195,597.31, a PE ratio of 20.48, a PEG ratio of 1.81 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 12-month low of $34.78 and a 12-month high of $42.71.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business 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 quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. sell-side analysts anticipate that Comcast Co. will post 2.05 EPS for the current fiscal year.

The firm 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 $0.157 dividend. 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 (DPR) is 30.36%.

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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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