Today, British Columbia Investment Management Corp Sold shares of Comcast Corp. (CMCSA)

Today, British Columbia Investment Management Corp Sold shares of Comcast Corp. (CMCSA)

British Columbia Investment Management Corp lowered its position in Comcast Corp. (NASDAQ:CMCSA) by 16.1% during the third quarter, Holdings Channel reports. The fund owned 983,836 shares of the cable giant’s stock after selling 188,226 shares during the period. British Columbia Investment Management Corp’s holdings in Comcast Corp. were worth $65,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position 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 period. Ameriprise Financial Inc. raised its position 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 period. Massachusetts Financial Services Co. MA raised its position 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 period. BlackRock Fund Advisors raised its position 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 period. Finally, First Eagle Investment Management LLC raised its position 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 period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 68.31 on Tuesday. Comcast Corp. has a 12 month low of $52.34 and a 12 month high of $69.92. The stock has a 50 day moving average price of $64.93 and a 200 day moving average price of $65.14. The firm has a market capitalization of $163.45 billion, a P/E ratio of 20.04 and a beta of 1.08.

Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results 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 analyst estimates of $21.11 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. On average, analysts expect that Comcast Corp. will post $3.50 earnings per share for the current year.

CMCSA has been the subject of a number of research reports. Telsey Advisory Group increased their price target on Comcast Corp. from $75.00 to $76.50 and gave the company an “outperform” rating in a research note on Friday, August 19th. Argus increased their price target on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Robert W. Baird reissued an “outperform” rating and set a $70.00 price objective on shares of Comcast Corp. in a research note on Sunday, September 25th. Macquarie raised Comcast Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $69.00 to $77.00 in a research note on Monday, October 24th. Finally, Jefferies Group reissued a “buy” rating on shares of Comcast Corp. in a research note on Friday, September 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $73.15.

In related news, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $65.75, for a total value of $67,262.25. Following the sale, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at approximately $3,125,689.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Neil Smit sold 15,121 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total transaction of $993,147.28. Following the completion of the sale, the executive vice president now directly owns 66,289 shares in the company, valued at $4,353,861.52. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by insiders.

Comcast Corp. Company Profile

Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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