Reitz Capital Advisors LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,004 shares of the cable giant’s stock, valued at approximately $117,000.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Comcast by 0.9% during the first quarter. State Street Corp now owns 175,742,450 shares of the cable giant’s stock worth $6,082,213,000 after buying an additional 1,632,045 shares during the period. Capital International Investors grew its position in Comcast by 19.2% during the first quarter. Capital International Investors now owns 159,780,593 shares of the cable giant’s stock worth $5,493,274,000 after buying an additional 25,775,072 shares during the period. Massachusetts Financial Services Co. MA grew its position in Comcast by 6.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 138,261,715 shares of the cable giant’s stock worth $4,753,438,000 after buying an additional 8,093,460 shares during the period. Capital World Investors grew its position in Comcast by 7.8% during the first quarter. Capital World Investors now owns 96,029,604 shares of the cable giant’s stock worth $3,301,509,000 after buying an additional 6,937,877 shares during the period. Finally, Clearbridge Investments LLC grew its position in Comcast by 2.0% during the first quarter. Clearbridge Investments LLC now owns 81,382,434 shares of the cable giant’s stock worth $2,797,928,000 after buying an additional 1,600,192 shares during the period. 83.16% of the stock is owned by institutional investors and hedge funds.

NASDAQ CMCSA traded up $0.64 on Tuesday, hitting $41.18. The stock had a trading volume of 20,995,970 shares, compared to its average volume of 24,837,799. Comcast Co. has a one year low of $31.70 and a one year high of $47.74. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.28. The stock has a market cap of $184.44 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.81 and a beta of 0.97. The company’s 50-day moving average is $39.82 and its two-hundred day moving average is $40.43.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 30th. The cable giant reported $0.71 EPS for the quarter, topping the consensus estimate of $0.69 by $0.02. Comcast had a net margin of 10.72% and a return on equity of 17.56%. The firm had revenue of $26.61 billion during the quarter, compared to analysts’ expectations of $26.71 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. Comcast’s quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 2.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 30th. Comcast’s dividend payout ratio is currently 29.39%.

Several research firms have recently commented on CMCSA. SunTrust Banks lowered their price target on shares of Comcast from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 3rd. Raymond James downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a research note on Monday, March 16th. Robert W. Baird downgraded shares of Comcast from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $38.00 in a research note on Monday, March 23rd. UBS Group cut their price target on shares of Comcast from $49.00 to $41.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Guggenheim downgraded shares of Comcast from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.83.

In related news, CAO Daniel C. Murdock sold 4,536 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $38.60, for a total transaction of $175,089.60. Following the completion of the sale, the chief accounting officer now directly owns 10,085 shares of the company’s stock, valued at $389,281. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Daniel C. Murdock sold 919 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $37.53, for a total transaction of $34,490.07. Following the sale, the chief accounting officer now directly owns 2,654 shares of the company’s stock, valued at $99,604.62. The disclosure for this sale can be found here. Corporate insiders own 1.14% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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