Venturi Wealth Management LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Venturi Wealth Management LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,993 shares of the cable giant’s stock after buying an additional 3,834 shares during the quarter. Comcast accounts for about 1.1% of Venturi Wealth Management LLC’s investment portfolio, making the stock its 19th largest position. Venturi Wealth Management LLC’s holdings in Comcast were worth $8,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Capital Research Global Investors lifted its holdings in Comcast by 287.6% during the first quarter. Capital Research Global Investors now owns 46,638,161 shares of the cable giant’s stock valued at $1,603,422,000 after purchasing an additional 34,605,876 shares in the last quarter. Capital International Investors lifted its holdings in Comcast by 19.2% during the first quarter. Capital International Investors now owns 159,780,593 shares of the cable giant’s stock valued at $5,493,274,000 after purchasing an additional 25,775,072 shares in the last quarter. Viking Global Investors LP lifted its holdings in Comcast by 6,072.2% during the first quarter. Viking Global Investors LP now owns 17,902,783 shares of the cable giant’s stock valued at $615,498,000 after purchasing an additional 17,612,726 shares in the last quarter. Parnassus Investments CA lifted its holdings in Comcast by 128.9% during the first quarter. Parnassus Investments CA now owns 21,254,365 shares of the cable giant’s stock valued at $730,725,000 after purchasing an additional 11,968,000 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Comcast by 50.7% during the first quarter. Franklin Resources Inc. now owns 34,713,763 shares of the cable giant’s stock valued at $1,193,475,000 after purchasing an additional 11,685,945 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors.

In other news, CAO Daniel C. Murdock sold 4,536 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $38.60, for a total transaction of $175,089.60. Following the completion of the sale, the chief accounting officer now directly owns 10,085 shares of the company’s stock, valued at $389,281. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Shell sold 99,484 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $42.91, for a total transaction of $4,268,858.44. 1.14% of the stock is currently owned by insiders.

CMCSA has been the topic of several recent analyst reports. Sanford C. Bernstein upgraded shares of Comcast from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $48.00 to $52.00 in a research report on Wednesday, July 1st. Wells Fargo & Co lifted their price objective on shares of Comcast from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Benchmark reiterated a “buy” rating and set a $54.00 price objective on shares of Comcast in a research report on Friday, May 22nd. Nomura Securities reiterated a “neutral” rating on shares of Comcast in a research report on Wednesday, April 22nd. Finally, Citigroup lifted their price objective on shares of Comcast from $48.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $48.88.

NASDAQ CMCSA traded down $0.03 on Wednesday, hitting $42.99. 17,140,900 shares of the stock were exchanged, compared to its average volume of 23,806,869. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average price of $41.36 and a two-hundred day moving average price of $39.98. The firm has a market capitalization of $197.98 billion, a P/E ratio of 17.27, a P/E/G ratio of 1.84 and a beta of 0.99. Comcast Co. has a 52-week low of $31.70 and a 52-week high of $47.74.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 30th. The cable giant reported $0.69 EPS for the quarter, topping the consensus estimate of $0.55 by $0.14. The company had revenue of $23.72 billion during the quarter, compared to analyst estimates of $23.56 billion. Comcast had a net margin of 10.91% and a return on equity of 16.66%. Comcast’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. Sell-side analysts expect that Comcast Co. will post 2.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, October 6th. Comcast’s dividend payout ratio is currently 29.39%.

Comcast Profile

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

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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