Edmond DE Rothschild Holding S.A. cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 78.6% during the first quarter, Holdings Channel reports. The firm owned 13,538 shares of the cable giant’s stock after selling 49,758 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Comcast Corporation were worth $509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Comcast Corporation by 151.5% in the first quarter. Swiss National Bank now owns 17,191,600 shares of the cable giant’s stock worth $646,232,000 after buying an additional 10,356,700 shares during the last quarter. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.22% during trading on Friday, reaching $40.82. 4,520,848 shares of the company were exchanged. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The firm’s 50 day moving average is $39.44 and its 200 day moving average is $38.74. The stock has a market capitalization of $192.40 billion, a PE ratio of 20.56 and a beta of 1.01.

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, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts expect that Comcast Corporation will post $2.04 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.55%. Comcast Corporation’s dividend payout ratio is currently 31.74%.

COPYRIGHT VIOLATION WARNING: “Edmond DE Rothschild Holding S.A. Has $509,000 Position in Comcast Corporation (CMCSA)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.dailypolitical.com/2017/08/11/edmond-de-rothschild-holding-s-a-has-509000-position-in-comcast-corporation-cmcsa.html.

A number of analysts have weighed in on the stock. Instinet reissued a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective (up previously from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Royal Bank Of Canada raised their price objective on shares of Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, TD Securities assumed coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Comcast Corporation presently has an average rating of “Buy” and an average target price of $45.69.

In other news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

About Comcast Corporation

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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

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

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.