Comcast Co. (NASDAQ:CMCSA) Shares Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. grew its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 8.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,002 shares of the cable giant’s stock after purchasing an additional 980 shares during the period. Sigma Investment Counselors Inc.’s holdings in Comcast were worth $471,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CMCSA. Vanguard Group Inc. raised its position in Comcast by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 399,364,773 shares of the cable giant’s stock valued at $18,698,259,000 after purchasing an additional 2,751,429 shares during the last quarter. State Street Corp grew its stake in shares of Comcast by 2.4% during the 4th quarter. State Street Corp now owns 178,004,947 shares of the cable giant’s stock worth $8,958,989,000 after purchasing an additional 4,198,673 shares during the period. Capital Research Global Investors grew its stake in shares of Comcast by 8.8% during the 4th 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 grew its stake in shares of Comcast by 1.1% during the 4th 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. Finally, Norges Bank acquired a new position in shares of Comcast during the 4th quarter worth $2,507,025,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent analyst reports. Macquarie cut shares of Comcast from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $40.00 to $33.00 in a research note on Friday, July 29th. Vertical Research cut shares of Comcast to a “positive” rating in a research note on Tuesday, July 5th. Atlantic Securities cut shares of Comcast from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $44.00 in a research note on Monday, August 15th. Cowen lowered their price objective on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. Finally, Wolfe Research cut shares of Comcast from a “market perform” rating to an “underperform” rating and set a $39.00 price objective on the stock. in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and a consensus price target of $51.75.

Comcast Trading Down 1.9 %

Shares of NASDAQ CMCSA traded down $0.61 during trading on Friday, hitting $31.86. 1,104,159 shares of the company traded hands, compared to its average volume of 28,078,204. Comcast Co. has a 1 year low of $32.30 and a 1 year high of $57.96. The company has a 50-day moving average price of $37.73 and a 200-day moving average price of $41.37. The firm has a market capitalization of $140.61 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.67 and a beta of 0.90. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.04.

Comcast (NASDAQ:CMCSAGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $30.02 billion during 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 revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. On average, equities analysts predict that Comcast Co. will post 3.62 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a yield of 3.39%. Comcast’s dividend payout ratio (DPR) is 35.29%.

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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