World Asset Management Inc Has $7.54 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

World Asset Management Inc lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,279 shares of the cable giant’s stock after selling 4,469 shares during the period. Comcast comprises 0.7% of World Asset Management Inc’s holdings, making the stock its 23rd largest holding. World Asset Management Inc’s holdings in Comcast were worth $7,543,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Comcast by 16.7% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock worth $15,733,000 after acquiring an additional 39,500 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Comcast by 22.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock worth $34,656,000 after acquiring an additional 109,986 shares during the period. V Wealth Advisors LLC lifted its holdings in shares of Comcast by 17.6% during the 2nd quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock worth $1,530,000 after acquiring an additional 4,012 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in shares of Comcast by 8.1% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock worth $7,215,000 after acquiring an additional 9,482 shares during the period. Finally, Trust Co. of Oklahoma lifted its holdings in shares of Comcast by 11.6% during the 2nd quarter. Trust Co. of Oklahoma now owns 26,430 shares of the cable giant’s stock worth $1,507,000 after acquiring an additional 2,745 shares during the period. Hedge funds and other institutional investors own 82.49% of the company’s stock.

Several brokerages recently commented on CMCSA. Wells Fargo & Company set a $57.55 price objective on shares of Comcast and gave the company a “sell” rating in a research note on Monday, July 19th. HSBC increased their price objective on shares of Comcast from $56.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Comcast from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Truist raised their price target on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Finally, Redburn Partners started coverage on shares of Comcast in a research note on Friday, June 25th. They set a “buy” rating and a $70.00 price target for the company. One equities research analyst has rated the stock with a sell rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Buy” and a consensus target price of $64.93.

NASDAQ:CMCSA traded up $1.01 during trading hours on Wednesday, reaching $56.60. The company had a trading volume of 1,022,316 shares, compared to its average volume of 16,353,840. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04. The firm has a market cap of $259.78 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.20 and a beta of 1.02. The business’s 50-day simple moving average is $58.89 and its two-hundred day simple moving average is $57.00. Comcast Co. has a twelve month low of $40.97 and a twelve month high of $61.80.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. The business had revenue of $28.55 billion during the quarter, compared to analysts’ expectations of $27.14 billion. Comcast had a net margin of 11.44% and a return on equity of 14.15%. As a group, equities analysts predict that Comcast Co. will post 3.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Stockholders of record on Wednesday, October 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Tuesday, October 5th. Comcast’s dividend payout ratio is currently 38.31%.

Comcast Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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