Hancock Holding Co. cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,525 shares of the cable giant’s stock after selling 9,773 shares during the period. Hancock Holding Co.’s holdings in Comcast were worth $13,914,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of Comcast by 97.6% during the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC grew its stake in Comcast by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares during the period. Egerton Capital UK LLP grew its stake in Comcast by 87.3% in the 1st quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock worth $806,811,000 after acquiring an additional 10,003,433 shares during the period. Vanguard Group Inc. grew its stake in Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after acquiring an additional 8,677,771 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in Comcast by 105.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 16,286,335 shares of the cable giant’s stock worth $612,204,000 after acquiring an additional 8,371,973 shares during the period. 82.50% of the stock is owned by institutional investors.

Comcast Corporation (CMCSA) opened at $38.63 on Thursday. Comcast Corporation has a 1-year low of $34.03 and a 1-year high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $184,707.44, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. equities analysts expect that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Tuesday, January 2nd. Comcast’s payout ratio is currently 30.36%.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Several analysts have commented on CMCSA shares. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research note on Monday, October 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast in a research note on Wednesday, October 4th. Pivotal Research lifted their target price on shares of Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company reaffirmed a “buy” rating and issued a $49.00 target price on shares of Comcast in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $45.93.

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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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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