Autus Asset Management LLC Decreases Position in Comcast Co. (NASDAQ:CMCSA)

Autus Asset Management LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSAGet Rating) by 21.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,113 shares of the cable giant’s stock after selling 1,389 shares during the period. Autus Asset Management LLC’s holdings in Comcast were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Norges Bank purchased a new position in Comcast in the 4th quarter valued at approximately $2,507,025,000. Capital Research Global Investors grew its stake in Comcast by 8.8% in the 4th quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $7,857,828,000 after buying an additional 12,642,202 shares in the last quarter. Marshall Wace LLP boosted its holdings in Comcast by 911.0% in the 4th quarter. Marshall Wace LLP now owns 7,571,121 shares of the cable giant’s stock valued at $381,055,000 after purchasing an additional 6,822,276 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Comcast by 22.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 24,557,276 shares of the cable giant’s stock valued at $1,373,488,000 after purchasing an additional 4,523,041 shares during the period. Finally, SRS Investment Management LLC boosted its holdings in Comcast by 162.9% in the 4th quarter. SRS Investment Management LLC now owns 7,187,614 shares of the cable giant’s stock valued at $361,753,000 after purchasing an additional 4,454,106 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

NASDAQ:CMCSA opened at $38.90 on Thursday. Comcast Co. has a one year low of $37.56 and a one year high of $61.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86. The company’s 50-day simple moving average is $42.48 and its 200 day simple moving average is $46.34. The firm has a market capitalization of $176.34 billion, a P/E ratio of 12.55, a PEG ratio of 0.80 and a beta of 0.96.

Comcast (NASDAQ:CMCSAGet Rating) last issued its earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. The firm had revenue of $31.01 billion for the quarter, compared to the consensus estimate of $30.40 billion. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 earnings per share. On average, equities research analysts expect that Comcast Co. will post 3.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.78%. Comcast’s dividend payout ratio (DPR) is 34.84%.

Several research analysts have commented on the stock. Pivotal Research cut their price target on shares of Comcast from $62.00 to $57.00 in a report on Thursday, April 28th. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $67.00 to $50.00 in a report on Friday, April 29th. Wolfe Research downgraded shares of Comcast from an “outperform” rating to a “peer perform” rating and dropped their price objective for the stock from $63.00 to $50.00 in a report on Thursday, June 2nd. Morgan Stanley dropped their price objective on shares of Comcast from $60.00 to $55.00 in a report on Friday, April 29th. Finally, Oppenheimer dropped their price objective on shares of Comcast from $75.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.38.

In other Comcast news, CAO Daniel C. Murdock sold 8,929 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $44.50, for a total transaction of $397,340.50. Following the completion of the sale, the chief accounting officer now directly owns 1,817 shares of the company’s stock, valued at $80,856.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.11% of the stock is owned by corporate insiders.

About Comcast (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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