Rothschild Asset Management Inc. decreased its stake in Comcast Corporation (NASDAQ:CMCSA) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,149,216 shares of the cable giant’s stock after selling 10,378 shares during the period. Comcast Corporation makes up 0.9% of Rothschild Asset Management Inc.’s investment portfolio, making the stock its 10th largest holding. Rothschild Asset Management Inc.’s holdings in Comcast Corporation were worth $83,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its position in Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the last quarter. Zions Bancorporation raised its position in Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Comcast Corporation during the first quarter worth about $112,000. Founders Capital Management acquired a new position in Comcast Corporation during the first quarter worth about $113,000. Finally, Pacific Center for Financial Services raised its position in Comcast Corporation by 133.0% during the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after acquiring an additional 1,788 shares during the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.

Shares of Comcast Corporation (CMCSA) opened at 38.10 on Monday. The stock has a market capitalization of $179.58 billion, a P/E ratio of 19.19 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a 50-day moving average of $39.84 and a 200-day moving average of $39.19.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.

A number of equities analysts have issued reports on the stock. Instinet restated a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Finally, BidaskClub cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $45.83.

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In related news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

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.

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

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