Comgest Global Investors S.A.S. Has $131.23 Million Holdings in Comcast Corporation (CMCSA)

Comgest Global Investors S.A.S. cut its stake in Comcast Corporation (NASDAQ:CMCSA) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,371,814 shares of the cable giant’s stock after selling 60,100 shares during the quarter. Comcast Corporation makes up approximately 3.3% of Comgest Global Investors S.A.S.’s investment portfolio, making the stock its 9th largest position. Comgest Global Investors S.A.S. owned approximately 0.07% of Comcast Corporation worth $131,231,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp raised its stake in shares of Comcast Corporation 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 buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC raised its stake in shares of Comcast Corporation by 97.6% during the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Comcast Corporation by 95.7% during the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Comcast Corporation by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after buying an additional 680,012 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Comcast Corporation by 56.9% during the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the period. 81.88% of the stock is owned by institutional investors.

Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Friday. The firm has a market capitalization of $172,228.45, a price-to-earnings ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $32.30 and a twelve month high of $42.18.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is presently 30.36%.

CMCSA has been the subject of several research analyst reports. Nomura reduced their target price on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research note on Wednesday, October 18th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Finally, Argus upped their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and a consensus price target of $45.84.

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

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Comcast Corporation 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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