Advisory Services Network LLC raised its stake in Comcast Corp. (NASDAQ:CMCSA) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 7,368 shares of the cable giant’s stock after buying an additional 262 shares during the period. Advisory Services Network LLC’s holdings in Comcast Corp. were worth $480,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CMCSA. Oakworth Capital Inc. boosted its stake in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares during the last quarter. Cribstone Capital Management LLC acquired a new stake in shares of Comcast Corp. during the second quarter valued at approximately $115,000. CWM LLC boosted its stake in shares of Comcast Corp. by 25.1% in the second quarter. CWM LLC now owns 2,051 shares of the cable giant’s stock valued at $134,000 after buying an additional 411 shares during the last quarter. City Holding Co. boosted its stake in shares of Comcast Corp. by 6.0% in the second quarter. City Holding Co. now owns 2,169 shares of the cable giant’s stock valued at $141,000 after buying an additional 122 shares during the last quarter. Finally, Kanaly Trust Co boosted its stake in shares of Comcast Corp. by 4.0% in the second quarter. Kanaly Trust Co now owns 2,369 shares of the cable giant’s stock valued at $154,000 after buying an additional 91 shares during the last quarter. Institutional investors own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded down 0.59% on Thursday, hitting $65.41. The company had a trading volume of 7,247,662 shares. Comcast Corp. has a one year low of $52.34 and a one year high of $68.36. The stock’s 50-day moving average price is $66.10 and its 200 day moving average price is $64.13. The company has a market capitalization of $157.76 billion, a P/E ratio of 19.89 and a beta of 1.05.
Comcast Corp. (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The firm had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect that Comcast Corp. will post $3.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be given a $0.275 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.68%. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
Several brokerages have recently commented on CMCSA. Oppenheimer Holdings Inc. restated a “buy” rating and set a $70.00 target price on shares of Comcast Corp. in a report on Monday, July 11th. Telsey Advisory Group increased their target price on Comcast Corp. from $75.00 to $76.50 and gave the stock an “outperform” rating in a report on Friday, August 19th. Barclays PLC reiterated an “overweight” rating and issued a $69.00 price target (up previously from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Pivotal Research raised their price target on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, July 7th. Finally, Argus raised their price target on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Comcast Corp. has an average rating of “Buy” and an average price target of $72.00.
In other news, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was 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 of the company’s stock, valued at approximately $3,125,689.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil Smit sold 29,475 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $67.86, for a total value of $2,000,173.50. Following the completion of the transaction, the executive vice president now directly owns 81,410 shares in the company, valued at $5,524,482.60. The disclosure for this sale can be found here. 1.27% of the stock is owned by company 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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