Brahman Capital Corp. Has $79.27 Million Position in Comcast Corporation (CMCSA)

Brahman Capital Corp. boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 100.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,108,814 shares of the cable giant’s stock after buying an additional 1,056,054 shares during the period. Comcast Corporation accounts for approximately 2.8% of Brahman Capital Corp.’s investment portfolio, making the stock its 11th largest position. Brahman Capital Corp.’s holdings in Comcast Corporation were worth $79,270,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC boosted its position in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora boosted its position in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares in the last quarter. Orrstown Financial Services Inc. boosted its position in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares in the last quarter. CT Financial Advisors LLC boosted its position in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,450 shares in the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

Comcast Corporation (NASDAQ CMCSA) traded up 0.726% on Thursday, reaching $40.925. The company had a trading volume of 3,690,427 shares. The stock has a market capitalization of $192.89 billion, a P/E ratio of 20.617 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The stock’s 50-day moving average price is $39.42 and its 200-day moving average price is $38.73.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.55%. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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CMCSA has been the subject of a number of research analyst reports. Argus lifted their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Instinet reaffirmed a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.69.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.

Comcast Corporation Company Profile

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 Corporation (NASDAQ:CMCSA)

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