Grantham Mayo Van Otterloo & Co. LLC Sells 213,641 Shares of Comcast Corporation $CMCSA

Grantham Mayo Van Otterloo & Co. LLC lowered its position in Comcast Corporation (NASDAQ:CMCSA) by 11.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,582,179 shares of the cable giant’s stock after selling 213,641 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Comcast were worth $56,468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Comcast by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 369,438,921 shares of the cable giant’s stock valued at $13,185,275,000 after purchasing an additional 1,257,196 shares during the period. Dodge & Cox increased its stake in Comcast by 19.1% in the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant’s stock valued at $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Comcast by 7.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 36,154,170 shares of the cable giant’s stock worth $1,289,984,000 after acquiring an additional 2,517,906 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Comcast by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 35,905,236 shares of the cable giant’s stock valued at $1,281,458,000 after buying an additional 490,923 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Comcast in the first quarter valued at $940,015,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cowen reissued a “buy” rating on shares of Comcast in a research report on Friday, October 31st. Pivotal Research reduced their price objective on shares of Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $38.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Moffett Nathanson decreased their price target on shares of Comcast from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Loop Capital cut their price objective on shares of Comcast from $43.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Comcast has an average rating of “Hold” and an average price target of $35.92.

Comcast Stock Performance

NASDAQ CMCSA opened at $26.57 on Friday. The firm has a 50-day moving average price of $29.03 and a two-hundred day moving average price of $32.42. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $43.45. The company has a market capitalization of $96.82 billion, a P/E ratio of 4.42, a P/E/G ratio of 1.82 and a beta of 0.92. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. Analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.96%.

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.