Port Capital LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.0% during the 3rd quarter, Holdings Channel reports. The firm owned 38,671 shares of the cable giant’s stock after selling 2,914 shares during the period. Port Capital LLC’s holdings in Comcast were worth $1,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acropolis Investment Management LLC bought a new stake in shares of Comcast in the third quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Comcast in the second quarter worth about $129,000. Resources Investment Advisors Inc. grew its stake in shares of Comcast by 51.4% in the second quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock worth $147,000 after purchasing an additional 1,516 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Comcast in the third quarter worth about $149,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of Comcast in the third quarter worth about $154,000. 79.99% of the stock is currently owned by institutional investors.

In other news, EVP Arthur R. Block sold 1,082 shares of Comcast stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $35.94, for a total transaction of $38,887.08. Following the completion of the transaction, the executive vice president now directly owns 62,476 shares in the company, valued at $2,245,387.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of Comcast stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now owns 74,644 shares of the company’s stock, valued at $2,648,369.12. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Wolfe Research assumed coverage on Comcast in a research note on Friday. They issued an “outperform” rating on the stock. BidaskClub cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Barclays assumed coverage on Comcast in a research note on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 target price on the stock. Morgan Stanley assumed coverage on Comcast in a research note on Thursday, November 8th. They issued an “overweight” rating and a $46.00 target price on the stock. Finally, Scotiabank set a $48.00 price objective on shares of Comcast and gave the stock a “buy” rating in a report on Wednesday, October 31st. Nine research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.61.

CMCSA stock opened at $37.41 on Friday. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a market cap of $175.93 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.33% and a return on equity of 15.79%. The firm had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Sell-side analysts predict that Comcast Co. will post 2.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.03%. Comcast’s payout ratio is 36.89%.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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