GSA Capital Partners LLP lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 87.4% during the third quarter, Holdings Channel reports. The institutional investor owned 10,917 shares of the cable giant’s stock after selling 75,894 shares during the quarter. GSA Capital Partners LLP’s holdings in Comcast were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MPS Loria Financial Planners LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $107,000. Wealthcare Advisory Partners LLC bought a new stake in shares of Comcast during the 3rd quarter valued at $104,000. Clear Perspective Advisors LLC raised its stake in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the period. Willingdon Wealth Management bought a new stake in shares of Comcast during the 3rd quarter valued at $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Comcast during the 2nd quarter valued at $165,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on CMCSA. Pivotal Research reiterated a “buy” rating and set a $52.00 price objective on shares of Comcast in a research note on Wednesday, January 24th. Wells Fargo & Co upped their target price on Comcast from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Bank of America upped their target price on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. TD Securities upped their target price on Comcast from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Barclays set a $43.00 target price on Comcast and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast has an average rating of “Buy” and a consensus target price of $47.74.

In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The disclosure for this sale can be found here. Insiders have sold a total of 784,158 shares of company stock worth $31,070,439 over the last quarter. Corporate insiders own 1.28% of the company’s stock.

Comcast Co. (NASDAQ:CMCSA) opened at $38.57 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $177,373.70, a PE ratio of 18.54, a PEG ratio of 1.47 and a beta of 1.04. Comcast Co. has a 1 year low of $34.78 and a 1 year high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $21.92 billion for the quarter, compared to analyst estimates of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. sell-side analysts anticipate that Comcast Co. will post 2.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 1.97%. Comcast’s dividend payout ratio is 13.21%.

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Comcast 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 (NASDAQ:CMCSA)

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