RMB Capital Management LLC Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

RMB Capital Management LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 17.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,626 shares of the cable giant’s stock after acquiring an additional 5,377 shares during the period. RMB Capital Management LLC’s holdings in Comcast were worth $1,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in Comcast by 2.4% in the 4th quarter. State Street Corp now owns 178,004,947 shares of the cable giant’s stock worth $8,958,989,000 after acquiring an additional 4,198,673 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Comcast by 8.8% during the fourth quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock worth $7,857,828,000 after purchasing an additional 12,642,202 shares during the period. Dodge & Cox lifted its holdings in shares of Comcast by 1.1% during the fourth quarter. Dodge & Cox now owns 84,666,165 shares of the cable giant’s stock worth $4,261,248,000 after purchasing an additional 958,091 shares during the period. Geode Capital Management LLC increased its holdings in Comcast by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 79,539,982 shares of the cable giant’s stock worth $3,992,896,000 after buying an additional 2,575,372 shares during the period. Finally, Norges Bank acquired a new position in Comcast in the 4th quarter worth approximately $2,507,025,000. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 15th. Oppenheimer decreased their price target on Comcast from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 14th. TheStreet cut shares of Comcast from a “b-” rating to a “c+” rating in a research note on Friday, July 29th. Morgan Stanley decreased their target price on shares of Comcast from $60.00 to $55.00 in a research note on Friday, April 29th. Finally, JPMorgan Chase & Co. lowered shares of Comcast from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $52.00 to $45.00 in a research report on Friday, July 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.52.

Comcast Trading Down 1.7 %

Shares of CMCSA opened at $38.27 on Friday. Comcast Co. has a 52-week low of $36.57 and a 52-week high of $61.80. The stock has a market cap of $168.89 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.81 and a beta of 0.91. The firm’s fifty day moving average is $40.48 and its two-hundred day moving average is $44.14. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 1.04.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $30.02 billion for the quarter, compared to the consensus estimate of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. Research analysts forecast that Comcast Co. will post 3.62 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.82%. Comcast’s dividend payout ratio is presently 35.29%.

Insider Buying and Selling

In other news, CAO Daniel C. Murdock sold 8,929 shares of the business’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $44.50, for a total transaction of $397,340.50. Following the transaction, the chief accounting officer now owns 1,817 shares of the company’s stock, valued at approximately $80,856.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.11% of the stock is currently owned by company insiders.

Comcast Company Profile

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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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