American International Group Inc. Sells 35,695 Shares of Comcast Co. (NASDAQ:CMCSA)

American International Group Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,499,863 shares of the cable giant’s stock after selling 35,695 shares during the quarter. American International Group Inc.’s holdings in Comcast were worth $65,769,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CMCSA. Wealthspire Advisors LLC raised its holdings in Comcast by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after acquiring an additional 2,781 shares in the last quarter. Everett Harris & Co. CA raised its holdings in shares of Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. raised its holdings in shares of Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of Comcast in the 4th quarter worth approximately $2,056,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Comcast by 10.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after buying an additional 10,936 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a report on Tuesday, June 11th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.83.

Read Our Latest Stock Analysis on Comcast

Comcast Trading Down 0.4 %

Comcast stock traded down $0.14 during mid-day trading on Friday, hitting $37.44. 12,692,458 shares of the company’s stock were exchanged, compared to its average volume of 16,252,715. The firm has a market capitalization of $146.90 billion, a P/E ratio of 9.90, a PEG ratio of 0.94 and a beta of 1.00. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company’s 50 day simple moving average is $39.06 and its 200-day simple moving average is $41.68.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is 32.80%.

Comcast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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