Loomis Sayles & Co. L P Sells 65,563 Shares of Comcast Co. (NASDAQ:CMCSA)

Loomis Sayles & Co. L P reduced its position in Comcast Co. (NASDAQ:CMCSAGet Rating) by 6.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 879,085 shares of the cable giant’s stock after selling 65,563 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Comcast were worth $41,159,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Core Alternative Capital lifted its stake in Comcast by 86.9% in the fourth quarter. Core Alternative Capital now owns 684 shares of the cable giant’s stock worth $34,000 after purchasing an additional 318 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Comcast in the fourth quarter worth about $36,000. Exane Derivatives lifted its stake in shares of Comcast by 566.7% in the 1st quarter. Exane Derivatives now owns 900 shares of the cable giant’s stock valued at $42,000 after acquiring an additional 765 shares during the last quarter. Pacifica Partners Inc. boosted its holdings in Comcast by 33.8% during the 1st quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock valued at $46,000 after acquiring an additional 250 shares during the period. Finally, Disciplined Investments LLC grew its position in Comcast by 47.8% during the 1st quarter. Disciplined Investments LLC now owns 1,011 shares of the cable giant’s stock worth $47,000 after acquiring an additional 327 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Comcast Price Performance

NASDAQ CMCSA opened at $34.37 on Friday. Comcast Co. has a one year low of $33.74 and a one year high of $60.85. The stock has a 50-day moving average of $38.88 and a 200 day moving average of $42.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $151.68 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.72 and a beta of 0.90.

Comcast (NASDAQ:CMCSAGet Rating) last issued its earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The company had revenue of $30.02 billion for the quarter, compared to analysts’ expectations of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.84 earnings per share. On average, sell-side analysts forecast that Comcast Co. will post 3.63 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Tuesday, October 4th. Comcast’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. Rosenblatt Securities dropped their price target on shares of Comcast from $40.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, August 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 18th. Redburn Partners cut Comcast from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. Pivotal Research cut their price objective on Comcast from $55.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. Finally, TD Securities upped their target price on Comcast from $60.00 to $62.00 and gave the company a “buy” rating in a report on Friday, July 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.17.

Comcast 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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