Bailard Inc. Sells 8,006 Shares of Comcast Co. (CMCSA)

Bailard Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,143 shares of the cable giant’s stock after selling 8,006 shares during the quarter. Bailard Inc.’s holdings in Comcast were worth $3,290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Comcast by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Comcast by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock worth $2,041,312,000 after buying an additional 432,491 shares during the period. Capital International Investors lifted its holdings in Comcast by 23.3% during the 3rd quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock worth $1,318,175,000 after buying an additional 6,467,802 shares during the period. Veritas Asset Management LLP lifted its holdings in Comcast by 3.7% during the 3rd quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock worth $1,277,358,000 after buying an additional 1,189,200 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in Comcast by 2.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 31,772,836 shares of the cable giant’s stock worth $1,222,619,000 after buying an additional 701,219 shares during the period. 83.44% of the stock is currently owned by institutional investors.

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In related news, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $42.51, for a total value of $8,109,037.56. Following the completion of the sale, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at $51,641,615.61. The disclosure for this sale can be found here. Insiders sold a total of 1,386,660 shares of company stock valued at $51,959,317 over the last ninety days. 1.28% of the stock is currently owned by corporate insiders.

Several research analysts have commented on CMCSA shares. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. Macquarie reaffirmed a “buy” rating and set a $40.00 target price on shares of Comcast in a report on Thursday, December 7th. Pivotal Research reaffirmed a “buy” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, December 19th. Buckingham Research lifted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $48.00 target price (up from $44.00) on shares of Comcast in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $50.25.

Comcast Co. (CMCSA) opened at $33.17 on Monday. The stock has a market capitalization of $154,058.28, a PE ratio of 6.95, a PEG ratio of 1.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Co. has a 52 week low of $33.15 and a 52 week high of $44.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same period in the previous year, the business earned $0.89 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. sell-side analysts predict that Comcast Co. will post 2.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.29%. This is a positive change from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. Comcast’s payout ratio is presently 13.21%.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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