QS Investors LLC Sells 1,039 Shares of Comcast Co. (NASDAQ:CMCSA)

QS Investors LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,687 shares of the cable giant’s stock after selling 1,039 shares during the period. QS Investors LLC’s holdings in Comcast were worth $3,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Comcast by 16.7% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 275,912 shares of the cable giant’s stock worth $15,733,000 after buying an additional 39,500 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Comcast by 22.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 607,787 shares of the cable giant’s stock worth $34,656,000 after buying an additional 109,986 shares during the last quarter. V Wealth Advisors LLC increased its holdings in shares of Comcast by 17.6% in the 2nd quarter. V Wealth Advisors LLC now owns 26,802 shares of the cable giant’s stock worth $1,530,000 after buying an additional 4,012 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Comcast by 23.5% in the 2nd quarter. Penserra Capital Management LLC now owns 85,171 shares of the cable giant’s stock worth $4,856,000 after buying an additional 16,215 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its holdings in shares of Comcast by 8.1% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 126,531 shares of the cable giant’s stock worth $7,215,000 after buying an additional 9,482 shares during the last quarter. 82.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of CMCSA opened at $52.69 on Thursday. The stock has a market capitalization of $241.83 billion, a P/E ratio of 18.62, a PEG ratio of 1.06 and a beta of 1.04. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.04. The firm has a fifty day simple moving average of $57.97 and a two-hundred day simple moving average of $56.98. Comcast Co. has a twelve month low of $40.97 and a twelve month high of $61.80.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 29th. The cable giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. Comcast had a net margin of 11.44% and a return on equity of 14.15%. The business had revenue of $28.55 billion during the quarter, compared to analyst estimates of $27.14 billion. Sell-side analysts expect that Comcast Co. will post 3.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 27th. Shareholders of record on Wednesday, October 6th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, October 5th. This represents a $1.00 annualized dividend and a yield of 1.90%. Comcast’s dividend payout ratio (DPR) is presently 38.31%.

A number of equities analysts have recently commented on CMCSA shares. Exane BNP Paribas started coverage on shares of Comcast in a report on Monday, September 27th. They issued an “outperform” rating and a $72.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday. Morgan Stanley upped their price objective on shares of Comcast from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, July 30th. TD Securities upped their price objective on shares of Comcast from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Finally, Credit Suisse Group upped their price objective on shares of Comcast from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $65.24.

Comcast Company Profile

Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.

See Also: Trading Stocks – What are percentage gainers?

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.