Comcast Corporation $CMCSA Shares Sold by ICONIQ Capital LLC

ICONIQ Capital LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 22.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,763 shares of the cable giant’s stock after selling 2,287 shares during the quarter. ICONIQ Capital LLC’s holdings in Comcast were worth $286,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Comcast in the 1st quarter valued at about $940,015,000. Dodge & Cox lifted its holdings in Comcast by 19.1% in the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock worth $3,476,635,000 after acquiring an additional 15,115,074 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Comcast by 1,959.3% in the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after acquiring an additional 12,586,329 shares during the period. KBC Group NV grew its holdings in shares of Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Comcast by 12.0% during the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.4%

Shares of NASDAQ:CMCSA opened at $34.01 on Tuesday. The company has a 50 day moving average of $34.19 and a 200-day moving average of $34.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $125.57 billion, a P/E ratio of 5.62, a P/E/G ratio of 2.05 and a beta of 0.92. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the business earned $1.21 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast’s payout ratio is currently 21.82%.

Analyst Ratings Changes

Several analysts recently issued reports on CMCSA shares. UBS Group cut their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Morgan Stanley cut their target price on Comcast from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, August 4th. Arete Research upgraded shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Barclays dropped their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Benchmark reissued a “buy” rating on shares of Comcast in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.73.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.