World Asset Management Inc Decreases Holdings in Comcast Corporation (CMCSA)

World Asset Management Inc lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,882 shares of the cable giant’s stock after selling 5,630 shares during the quarter. Comcast makes up about 0.6% of World Asset Management Inc’s investment portfolio, making the stock its 25th largest holding. World Asset Management Inc owned about 9,841.83% of Comcast worth $17,850,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 valued at $2,218,587,000 after acquiring an additional 680,012 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Comcast by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 52,622,437 shares of the cable giant’s stock valued at $2,048,075,000 after acquiring an additional 522,139 shares during the period. Veritas Asset Management LLP boosted its holdings in shares of Comcast by 3.7% during the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings 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 valued at $1,273,100,000 after acquiring an additional 1,839,436 shares during the period. 82.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Comcast Corporation (CMCSA) opened at $41.04 on Friday. 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 Corporation has a 1-year low of $34.78 and a 1-year high of $42.18. The firm has a market cap of $193,560.00, a PE ratio of 19.36, a P/E/G ratio of 1.82 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. analysts forecast that Comcast Corporation will post 2.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.53%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.72%.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was 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 owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on CMCSA shares. Moffett Nathanson raised shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp reissued a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Robert W. Baird reissued an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Morgan Stanley reissued an “overweight” rating and set a $44.00 price target on shares of Comcast in a report on Thursday, September 21st. Finally, Royal Bank of Canada reissued a “buy” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.72.

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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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