Brandes Investment Partners LP Sells 9,278 Shares of Comcast Co. (CMCSA)

Brandes Investment Partners LP trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 703,900 shares of the cable giant’s stock after selling 9,278 shares during the quarter. Brandes Investment Partners LP’s holdings in Comcast were worth $24,925,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. CI Investments Inc. increased its holdings in shares of Comcast by 4.5% during the third quarter. CI Investments Inc. now owns 4,547,699 shares of the cable giant’s stock valued at $161,034,000 after purchasing an additional 196,200 shares during the period. Atlas Capital Advisors LLC increased its holdings in shares of Comcast by 6.7% during the third quarter. Atlas Capital Advisors LLC now owns 28,300 shares of the cable giant’s stock valued at $996,000 after purchasing an additional 1,789 shares during the period. Grand Jean Capital Management Inc. increased its holdings in shares of Comcast by 19.5% during the third quarter. Grand Jean Capital Management Inc. now owns 352,933 shares of the cable giant’s stock valued at $12,497,000 after purchasing an additional 57,702 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Comcast by 4.5% during the third quarter. PNC Financial Services Group Inc. now owns 8,737,448 shares of the cable giant’s stock valued at $309,394,000 after purchasing an additional 375,358 shares during the period. Finally, Novare Capital Management LLC increased its holdings in shares of Comcast by 2.4% during the third quarter. Novare Capital Management LLC now owns 205,581 shares of the cable giant’s stock valued at $7,280,000 after purchasing an additional 4,817 shares during the period. Institutional investors own 80.10% of the company’s stock.

NASDAQ:CMCSA opened at $37.39 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.96. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $44.00. The stock has a market cap of $173.66 billion, a P/E ratio of 15.51, a PEG ratio of 1.18 and a beta of 0.93.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.79% and a net margin of 27.33%. The business had revenue of $22.14 billion during the quarter, compared to analyst estimates of $21.75 billion. Sell-side analysts anticipate that Comcast Co. will post 2.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 23rd. Investors of record on Wednesday, January 2nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. Comcast’s dividend payout ratio (DPR) is 36.89%.

In related news, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total value of $38,887.08. Following the completion of the transaction, the executive vice president now owns 62,476 shares in the company, valued at approximately $2,245,387.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 6,448 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total value of $228,775.04. Following the completion of the transaction, the executive vice president now owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.

A number of research analysts have recently commented on the company. Pivotal Research reissued a “buy” rating on shares of Comcast in a report on Friday, August 10th. Atlantic Securities raised Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a report on Monday, August 6th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Barclays assumed coverage on Comcast in a report on Tuesday, November 13th. They set an “overweight” rating and a $44.00 price target on the stock. Finally, Oppenheimer reissued a “market perform” rating and set a $42.00 price target on shares of Comcast in a report on Monday, September 24th. Nine equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.61.

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About Comcast

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

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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