Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 98.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,293,710 shares of the cable giant’s stock after buying an additional 5,116,474 shares during the period. Comcast Corporation accounts for 0.8% of Mitsubishi UFJ Trust & Banking Corp’s portfolio, making the stock its 20th largest position. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.22% of Comcast Corporation worth $386,941,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Advantage Investment Management LLC purchased a new stake in shares of Comcast Corporation during the fourth quarter valued at $103,000. Jarislowsky Fraser Ltd increased its position in Comcast Corporation by 0.5% in the fourth quarter. Jarislowsky Fraser Ltd now owns 2,000,860 shares of the cable giant’s stock valued at $138,159,000 after buying an additional 9,835 shares during the period. Sandler Capital Management increased its position in Comcast Corporation by 10.8% in the fourth quarter. Sandler Capital Management now owns 12,600 shares of the cable giant’s stock valued at $870,000 after buying an additional 1,230 shares during the period. Putnam Investments LLC increased its position in Comcast Corporation by 28.9% in the fourth quarter. Putnam Investments LLC now owns 4,759,906 shares of the cable giant’s stock valued at $328,672,000 after buying an additional 1,067,722 shares during the period. Finally, 3G Capital Partners LP increased its position in Comcast Corporation by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock valued at $57,864,000 after buying an additional 779,525 shares during the period. 82.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at 39.60 on Friday. The company’s 50-day moving average price is $39.64 and its 200 day moving average price is $38.61. The company has a market cap of $186.65 billion, a price-to-earnings ratio of 19.95 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. Equities analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.59%. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.

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CMCSA has been the subject of several analyst reports. Telsey Advisory Group raised their target price on Comcast Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Credit Suisse Group raised their target price on Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Instinet restated a “buy” rating and set a $43.00 target price (down previously from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Pivotal Research restated a “buy” rating and set a $48.00 target price on shares of Comcast Corporation in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.69.

In other Comcast Corporation news, EVP Stephen B. Burke sold 258,380 shares of Comcast Corporation stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the transaction, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Comcast Corporation Company 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 Corporation (NASDAQ:CMCSA)

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