Mayo Investment Advisers LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 276,025 shares of the cable giant’s stock after selling 11,050 shares during the period. Comcast accounts for about 4.0% of Mayo Investment Advisers LLC’s portfolio, making the stock its 2nd largest position. Mayo Investment Advisers LLC’s holdings in Comcast were worth $19,060,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in Comcast by 2.9% in the fourth quarter. State Street Corp now owns 100,948,990 shares of the cable giant’s stock worth $6,971,605,000 after buying an additional 2,822,279 shares during the period. FMR LLC increased its stake in Comcast by 16.3% in the fourth quarter. FMR LLC now owns 49,731,509 shares of the cable giant’s stock worth $3,433,960,000 after buying an additional 6,973,366 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Comcast by 21.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,792,055 shares of the cable giant’s stock worth $2,905,165,000 after buying an additional 7,652,797 shares during the period. BlackRock Fund Advisors increased its stake in Comcast by 2.2% in the third quarter. BlackRock Fund Advisors now owns 29,548,148 shares of the cable giant’s stock worth $1,960,224,000 after buying an additional 646,869 shares during the period. Finally, Morgan Stanley increased its stake in Comcast by 1.2% in the third quarter. Morgan Stanley now owns 14,694,477 shares of the cable giant’s stock worth $974,830,000 after buying an additional 172,512 shares during the period. Institutional investors own 82.03% of the company’s stock.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Shares of Comcast Co. (NASDAQ:CMCSA) opened at 37.48 on Tuesday. Comcast Co. has a 12 month low of $29.34 and a 12 month high of $38.44. The stock has a market capitalization of $177.74 billion, a P/E ratio of 21.00 and a beta of 1.07. The firm has a 50 day moving average of $37.60 and a 200-day moving average of $34.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.02. Comcast had a net margin of 10.81% and a return on equity of 15.30%. The company had revenue of $21 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same period last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Analysts forecast that Comcast Co. will post $1.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Monday, April 3rd. This is a boost from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. Comcast’s dividend payout ratio (DPR) is currently 30.81%.

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A number of research firms have recently issued reports on CMCSA. Jefferies Group LLC boosted their price target on shares of Comcast from $38.50 to $40.00 and gave the company a “buy” rating in a research note on Monday, December 19th. Pivotal Research reduced their price target on shares of Comcast to $48.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Royal Bank of Canada boosted their price target on shares of Comcast from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 31st. Telsey Advisory Group boosted their price target on shares of Comcast from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, January 24th. Finally, Guggenheim reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a research note on Wednesday, March 1st. One research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $39.88.

In related news, EVP Arthur R. Block sold 1,680 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $70.80, for a total value of $118,944.00. Following the sale, the executive vice president now directly owns 47,853 shares of the company’s stock, valued at $3,387,992.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil Smit sold 33,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $37.62, for a total transaction of $1,241,460.00. Following the completion of the sale, the executive vice president now directly owns 74,554 shares in the company, valued at $2,804,721.48. The disclosure for this sale can be found here. Insiders sold 239,152 shares of company stock worth $16,773,898 over the last three months. Corporate insiders own 1.27% of the company’s stock.

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.

5 Day Chart for NASDAQ:CMCSA

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