Two Sigma Advisers LP Buys 683,400 Shares of Comcast Co. (NASDAQ:CMCSA)

Two Sigma Advisers LP lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 27.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,133,724 shares of the cable giant’s stock after purchasing an additional 683,400 shares during the quarter. Two Sigma Advisers LP owned 0.07% of Comcast worth $122,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Capital Advisors Inc. OK lifted its position in shares of Comcast by 3.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 7,904 shares of the cable giant’s stock worth $339,000 after purchasing an additional 276 shares during the period. Advisor OS LLC acquired a new position in shares of Comcast in the 2nd quarter worth approximately $422,000. Handelsbanken Fonder AB lifted its position in shares of Comcast by 127.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,274,478 shares of the cable giant’s stock worth $49,679,000 after purchasing an additional 713,161 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Comcast by 14.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 145,295 shares of the cable giant’s stock worth $5,664,000 after purchasing an additional 18,893 shares during the period. Finally, Stephens Inc. AR lifted its position in shares of Comcast by 4.0% in the 2nd quarter. Stephens Inc. AR now owns 316,223 shares of the cable giant’s stock worth $12,326,000 after purchasing an additional 12,069 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

In other news, CEO Jeff Shell sold 99,484 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $42.91, for a total value of $4,268,858.44. 1.14% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and set a $54.00 target price on shares of Comcast in a research report on Friday, May 22nd. Sanford C. Bernstein upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $48.00 to $52.00 in a research report on Wednesday, July 1st. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research report on Friday, September 11th. Wells Fargo & Company boosted their target price on shares of Comcast from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, Citigroup boosted their target price on shares of Comcast from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Comcast presently has a consensus rating of “Buy” and an average price target of $48.77.

Shares of NASDAQ:CMCSA traded up $0.35 during midday trading on Wednesday, reaching $46.81. The company had a trading volume of 26,326,938 shares, compared to its average volume of 22,683,535. The company’s 50 day moving average price is $43.81 and its 200 day moving average price is $39.87. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.25. The stock has a market cap of $213.83 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.94 and a beta of 0.95. Comcast Co. has a 52-week low of $31.70 and a 52-week high of $47.74.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 30th. The cable giant reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.14. The business had revenue of $23.72 billion for the quarter, compared to the consensus estimate of $23.56 billion. Comcast had a net margin of 10.91% and a return on equity of 16.66%. The company’s revenue was down 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Research analysts forecast that Comcast Co. will post 2.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s dividend payout ratio (DPR) is presently 29.39%.

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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