Conning Inc. cut its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,992 shares of the cable giant’s stock after selling 1,549 shares during the period. Conning Inc.’s holdings in Comcast Corporation were worth $5,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pinnacle Financial Partners Inc. grew its holdings in shares of Comcast Corporation by 1,295.6% in the second quarter. Pinnacle Financial Partners Inc. now owns 293,861 shares of the cable giant’s stock valued at $11,437,000 after purchasing an additional 272,805 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Comcast Corporation by 21.1% in the second quarter. Advisors Asset Management Inc. now owns 491,825 shares of the cable giant’s stock valued at $19,142,000 after purchasing an additional 85,688 shares in the last quarter. Signature Financial Management Inc. grew its holdings in shares of Comcast Corporation by 4.2% in the second quarter. Signature Financial Management Inc. now owns 105,694 shares of the cable giant’s stock valued at $4,114,000 after purchasing an additional 4,294 shares in the last quarter. Convergence Investment Partners LLC grew its holdings in shares of Comcast Corporation by 18.1% in the second quarter. Convergence Investment Partners LLC now owns 9,494 shares of the cable giant’s stock valued at $370,000 after purchasing an additional 1,453 shares in the last quarter. Finally, ClariVest Asset Management LLC grew its holdings in shares of Comcast Corporation by 0.7% in the second quarter. ClariVest Asset Management LLC now owns 1,469,431 shares of the cable giant’s stock valued at $57,190,000 after purchasing an additional 10,077 shares in the last quarter. Institutional investors and hedge funds own 81.84% of the company’s stock.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’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 transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction 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 transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock worth $385,050 over the last 90 days. 1.28% of the stock is currently owned by company insiders.

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A number of brokerages recently weighed in on CMCSA. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Tuesday, June 20th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation presently has a consensus rating of “Buy” and a consensus price target of $45.83.

Shares of Comcast Corporation (CMCSA) opened at 36.61 on Tuesday. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The stock has a market cap of $172.56 billion, a P/E ratio of 18.44 and a beta of 0.98. The stock’s 50 day moving average is $38.35 and its 200 day moving average is $39.25.

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

The company also recently disclosed 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. This represents a $0.63 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

Comcast Corporation 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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