Markston International LLC Sells 14,714 Shares of Comcast Corporation (CMCSA)

Markston International LLC decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 366,757 shares of the cable giant’s stock after selling 14,714 shares during the period. Comcast accounts for 1.4% of Markston International LLC’s investment portfolio, making the stock its 20th largest position. Markston International LLC’s holdings in Comcast were worth $14,113,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CMCSA. Janus Henderson Group PLC lifted its holdings in Comcast by 1,581.1% during the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock worth $1,097,544,000 after purchasing an additional 26,522,368 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Comcast by 38.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock worth $716,803,000 after purchasing an additional 5,108,525 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock worth $476,934,000 after purchasing an additional 3,513,006 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in Comcast during the 2nd quarter worth about $136,220,000. 82.13% of the stock is currently owned by institutional investors and hedge funds.

Comcast Corporation (NASDAQ CMCSA) opened at $42.44 on Friday. The firm has a market capitalization of $198,350.00, a PE ratio of 20.02, a P/E/G ratio of 1.85 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 1-year low of $34.78 and a 1-year high of $42.71.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. research analysts anticipate that Comcast Corporation will post 2.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s dividend payout ratio is 29.72%.

In related news, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is currently owned by insiders.

Several analysts have weighed in on the company. TD Securities cut Comcast from an “action list buy” rating to a “buy” rating and raised their price target for the company from $42.60 to $51.00 in a report on Friday. Macquarie reaffirmed a “buy” rating and issued a $40.00 price target on shares of Comcast in a report on Thursday, December 7th. Barclays lowered their price target on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Finally, OTR Global cut Comcast to a “positive” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $46.15.

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About Comcast

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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