Los Angeles Capital Management LLC reduced its stock position in Comcast Co. (NASDAQ:CMCSA)

Los Angeles Capital Management LLC reduced its position in Comcast Co. (NASDAQ:CMCSA – Free Report) by 18.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 337,202 shares of the cable giant’s stock after selling 75,539 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Comcast were worth $13,205,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in Comcast during the fourth quarter valued at about $2,542,988,000. Capital World Investors raised its holdings in shares of Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625 shares during the period. .543 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of Comcast by 25,881.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after purchasing an additional 10,809,231 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after purchasing an additional 8,243,302 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Comcast by 80.9% in the first quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after buying an additional 4,714,586 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s shares.

Comcast stock fell 0.5%

Shares of NASDAQ CMCSA opened at $39.61 on Monday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a market cap of $155.41 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.05 and a beta of 1.01. The company has a 50-day simple moving average of $39.24 and a 200-day simple moving average of $39.82. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66, and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. In the same period last year, the company earned $1.13 EPS. The company’s quarterly revenue was down 2.7% year over year. On average, equities research analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2. This represents a dividend of $1.24 on an annualized basis and a dividend yield of 3.13%. Comcast’s payout ratio is currently 32.80%.

Analysts set new price targets

A number of brokerages have issued reports on CMCSA. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Monday, May 13th. Goldman Sachs Group began coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Barclays dropped their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $45.78, based on data from MarketBeat.com.

Read our latest research report on CMCSA

Comcast profile

(Free report)

Comcast Corporation operates as a global media and technology company. It operates through the segments of residential connectivity and platforms, connectivity for business services, media, studios and theme parks. The Residential Connectivity and Platforms segment offers residential broadband and wireless connectivity services, residential and business video services, Sky-branded entertainment television networks and advertising.

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