Comcast Corporation (NASDAQ:CMCSA) Position Lowered by Foothills Asset Management Ltd.

Foothills Asset Management Ltd. lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 30.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,481 shares of the cable giant’s stock after selling 24,665 shares during the period. Foothills Asset Management Ltd.’s holdings in Comcast Corporation were worth $2,159,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Comcast Corporation by 0.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 382,923 shares of the cable giant’s stock valued at $26,441,000 after buying an additional 2,142 shares during the last quarter. Zurich Insurance Group Ltd FI raised its position in shares of Comcast Corporation by 6.9% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 346,694 shares of the cable giant’s stock valued at $23,939,000 after buying an additional 22,442 shares during the last quarter. Night Square Capital Partners LP bought a new position in shares of Comcast Corporation during the fourth quarter valued at $6,446,000. Guardian Capital LP raised its position in shares of Comcast Corporation by 107.8% in the fourth quarter. Guardian Capital LP now owns 11,968 shares of the cable giant’s stock valued at $826,000 after buying an additional 6,208 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Comcast Corporation by 5.2% in the fourth quarter. Scotia Capital Inc. now owns 184,869 shares of the cable giant’s stock valued at $12,771,000 after buying an additional 9,122 shares during the last quarter. Institutional investors and hedge funds own 82.87% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.62% during trading on Friday, reaching $40.52. 19,547,097 shares of the company’s stock were exchanged. The company has a market capitalization of $190.99 billion, a price-to-earnings ratio of 20.41 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The stock’s 50-day moving average price is $39.66 and its 200-day moving average price is $38.89.

Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.

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Several research analysts have recently weighed in on CMCSA shares. Macquarie reiterated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a report on Thursday, April 27th. Telsey Advisory Group raised their price target on shares of Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Wunderlich raised their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Deutsche Bank AG restated a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Instinet restated a “buy” rating and issued a $43.00 price target (down previously from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.69.

In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.

Comcast Corporation 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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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