Comcast Corporation (CMCSA) Position Cut by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.0% during the third quarter, Holdings Channel reports. The firm owned 1,141,180 shares of the cable giant’s stock after selling 223 shares during the period. Comcast Corporation comprises 0.7% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 17th largest position. Ontario Teachers Pension Plan Board’s holdings in Comcast Corporation were worth $75,706,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Bbva Compass Bancshares Inc. increased its position in Comcast Corporation by 45.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 100,646 shares of the cable giant’s stock worth $6,562,000 after buying an additional 31,527 shares in the last quarter. Alley Co LLC increased its stake in shares of Comcast Corporation by 3.3% in the second quarter. Alley Co LLC now owns 66,171 shares of the cable giant’s stock valued at $4,314,000 after buying an additional 2,137 shares during the period. Signaturefd LLC increased its stake in shares of Comcast Corporation by 7.4% in the second quarter. Signaturefd LLC now owns 3,928 shares of the cable giant’s stock valued at $256,000 after buying an additional 269 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of Comcast Corporation during the second quarter valued at about $228,000. Finally, Proficio Capital Partners LLC increased its stake in shares of Comcast Corporation by 80.1% in the second quarter. Proficio Capital Partners LLC now owns 1,704 shares of the cable giant’s stock valued at $116,000 after buying an additional 758 shares during the period. Hedge funds and other institutional investors own 82.25% of the company’s stock.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (NASDAQ:CMCSA) traded up 0.16% during mid-day trading on Friday, reaching $75.15. The company had a trading volume of 6,342,052 shares. Comcast Corporation has a 12 month low of $56.59 and a 12 month high of $76.87. The firm’s 50-day moving average price is $72.78 and its 200-day moving average price is $67.99. The stock has a market cap of $178.54 billion, a PE ratio of 21.05 and a beta of 1.07.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.02. Comcast Corporation had a return on equity of 15.30% and a net margin of 10.81%. The firm had revenue of $21 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the prior year, the business earned $0.81 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities research analysts forecast that Comcast Corporation will post $3.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be issued a dividend of $0.1575 per share. This is an increase from Comcast Corporation’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, April 3rd. This represents a $0.63 annualized dividend and a yield of 0.84%. Comcast Corporation’s dividend payout ratio is currently 30.81%.

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Several analysts recently issued reports on CMCSA shares. Macquarie raised Comcast Corporation from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $69.00 to $77.00 in a report on Monday, October 24th. Instinet raised their price target on Comcast Corporation from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price target (up previously from $76.00) on shares of Comcast Corporation in a report on Thursday, January 5th. Deutsche Bank AG raised Comcast Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $68.00 to $88.00 in a report on Friday, January 13th. Finally, HSBC Holdings plc started coverage on Comcast Corporation in a report on Thursday, January 19th. They issued a “buy” rating and a $83.00 price target on the stock. Twenty-two investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $79.03.

In other Comcast Corporation news, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $69.57, for a total transaction of $1,051,967.97. Following the completion of the sale, the executive vice president now owns 62,208 shares in the company, valued at approximately $4,327,810.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 6,752 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $69.88, for a total transaction of $471,829.76. Following the sale, the executive vice president now owns 69,889 shares of the company’s stock, valued at approximately $4,883,843.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 229,839 shares of company stock worth $17,165,153. Company insiders own 1.27% of the company’s stock.

Comcast Corporation Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

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