Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 25.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,838 shares of the cable giant’s stock after acquiring an additional 43,210 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Comcast Corporation were worth $8,245,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. State Street Corp grew its position in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC grew its position in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. grew its position in Comcast Corporation by 95.7% during 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 period. First Eagle Investment Management LLC grew its position in Comcast Corporation by 56.9% during 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 period. Finally, Swiss National Bank grew its position in Comcast Corporation by 151.5% during 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 period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Several analysts have recently commented on CMCSA shares. OTR Global lowered shares of Comcast Corporation to a “positive” rating in a research report on Monday, October 30th. Nomura lowered their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Barclays PLC lowered their price target on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Pivotal Research increased their price target on shares of Comcast Corporation from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price target on shares of Comcast Corporation in a research report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.84.

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Comcast Corporation (NASDAQ:CMCSA) opened at $36.86 on Wednesday. The firm has a market cap of $174,097.97, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a fifty-two week low of $33.28 and a fifty-two week high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same period last year, the firm posted $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. sell-side analysts predict that Comcast Corporation will post 2.06 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.70%. Comcast Corporation’s payout ratio is currently 30.36%.

In related news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

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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