Comcast Co. (NASDAQ:CMCSA) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.6% during the third quarter, HoldingsChannel.com reports. The firm owned 35,777 shares of the cable giant’s stock after selling 3,368 shares during the period. Acropolis Investment Management LLC’s holdings in Comcast were worth $1,494,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CMCSA. FMR LLC boosted its position in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. AQR Capital Management LLC increased its holdings in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after acquiring an additional 4,182,525 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares in the last quarter. Darsana Capital Partners LP lifted its holdings in shares of Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Comcast by 211.7% in the third quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after purchasing an additional 1,963,246 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Trading Up 1.5 %

Shares of CMCSA opened at $43.19 on Friday. The stock’s fifty day simple moving average is $42.29 and its 200 day simple moving average is $40.17. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $165.27 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. On average, equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analyst Ratings Changes

Several research analysts recently issued reports on CMCSA shares. Macquarie lifted their price objective on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Pivotal Research boosted their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

About Comcast

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.