Comcast Corporation (CMCSA) Position Raised by E&G Advisors LP

E&G Advisors LP grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,762 shares of the cable giant’s stock after acquiring an additional 6,600 shares during the period. Comcast accounts for approximately 1.2% of E&G Advisors LP’s portfolio, making the stock its 15th largest holding. E&G Advisors LP’s holdings in Comcast were worth $2,607,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of Comcast by 1,581.1% during the second quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares during the period. Vanguard Group Inc. boosted its holdings 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 purchasing an additional 8,677,771 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Comcast by 38.4% during the second quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Comcast by 73.4% during the first quarter. Nordea Investment Management AB now owns 10,755,894 shares of the cable giant’s stock worth $404,314,000 after purchasing an additional 4,554,403 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Comcast by 165.9% in the first quarter. AQR Capital Management LLC now owns 6,975,277 shares of the cable giant’s stock worth $262,201,000 after buying an additional 4,351,602 shares during the period. 82.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comcast Corporation (CMCSA) opened at $42.60 on Friday. Comcast Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $42.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market cap of $199,100.00, a PE ratio of 20.09, a PEG ratio of 1.85 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, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. research analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.47%. Comcast’s dividend payout ratio (DPR) is 29.72%.

Several brokerages have commented on CMCSA. Morgan Stanley raised their price objective on shares of Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday. Buckingham Research raised their price target on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Pivotal Research reissued a “buy” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, December 19th. Finally, Macquarie reaffirmed a “buy” rating and issued a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.15.

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

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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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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