Today, Coronation Fund Managers Ltd. decides to keep it stake in Comcast Corp. (CMCSA) to the level of $20,975,000

Today, Coronation Fund Managers Ltd. decides to keep it stake in Comcast Corp. (CMCSA) to the level of $20,975,000
Coronation Fund Managers Ltd. cut its stake in Comcast Corp. (NASDAQ:CMCSA) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 316,175 shares of the cable giant’s stock after selling 49,379 shares during the period. Coronation Fund Managers Ltd.’s holdings in Comcast Corp. were worth $20,975,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock worth $2,032,387,000 after buying an additional 917,751 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Comcast Corp. by 0.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 29,420,065 shares of the cable giant’s stock worth $1,917,895,000 after buying an additional 184,478 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of Comcast Corp. by 2.7% in the second quarter. BlackRock Fund Advisors now owns 28,901,279 shares of the cable giant’s stock worth $1,884,074,000 after buying an additional 748,545 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Comcast Corp. by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 26,216,689 shares of the cable giant’s stock worth $1,709,066,000 after buying an additional 385,942 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Shares of Comcast Corp. (NASDAQ:CMCSA) remained flat at $68.96 during trading on Thursday. 9,431,490 shares of the company were exchanged. The firm has a market cap of $165.01 billion, a P/E ratio of 20.23 and a beta of 1.08. Comcast Corp. has a one year low of $52.34 and a one year high of $69.92. The firm has a 50 day moving average price of $64.77 and a 200 day moving average price of $65.00.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, October 26th. The cable giant reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.01. Comcast Corp. had a net margin of 10.65% and a return on equity of 15.22%. The company earned $21.32 billion during the quarter, compared to analysts’ expectations of $21.11 billion. During the same quarter in the prior year, the company earned $0.80 EPS. Comcast Corp.’s revenue was up 14.2% compared to the same quarter last year. On average, analysts anticipate that Comcast Corp. will post $3.50 EPS for the current fiscal year.

A number of equities research analysts have issued reports on CMCSA shares. Pivotal Research reiterated a “buy” rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Barclays PLC reiterated an “overweight” rating and issued a $70.00 price target on shares of Comcast Corp. in a research note on Thursday, September 22nd. Jefferies Group increased their price target on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and set a $75.00 price objective (up previously from $69.00) on shares of Comcast Corp. in a report on Monday, August 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Comcast Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $73.15.

In other Comcast Corp. news, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $65.75, for a total value of $67,262.25. Following the transaction, the executive vice president now directly owns 47,539 shares in the company, valued at approximately $3,125,689.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David L. Cohen sold 19,444 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $65.50, for a total transaction of $1,273,582.00. Following the completion of the transaction, the executive vice president now owns 257,120 shares in the company, valued at $16,841,360. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by company insiders.

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