HL Financial Services LLC cut its position in Comcast Corp. (NASDAQ:CMCSA) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,767 shares of the cable giant’s stock after selling 1,544 shares during the period. HL Financial Services LLC’s holdings in Comcast Corp. were worth $4,679,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Rothschild Capital Partners LLC raised its stake in shares of Comcast Corp. by 1,255.4% in the second quarter. Rothschild Capital Partners LLC now owns 94,063 shares of the cable giant’s stock worth $6,132,000 after buying an additional 87,123 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its stake in shares of Comcast Corp. by 22.0% in the second quarter. Atalanta Sosnoff Capital LLC now owns 1,228,201 shares of the cable giant’s stock valued at $80,067,000 after buying an additional 221,094 shares during the period. Pitcairn Co. raised its stake in shares of Comcast Corp. by 33.6% in the second quarter. Pitcairn Co. now owns 29,094 shares of the cable giant’s stock valued at $1,896,000 after buying an additional 7,320 shares during the period. Destination Wealth Management acquired a new stake in shares of Comcast Corp. during the second quarter valued at about $276,000. Finally, Bank of Montreal Can acquired a new stake in shares of Comcast Corp. during the second quarter valued at about $446,948,000. Hedge funds and other institutional investors own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded down 2.00% on Monday, reaching $65.81. 7,822,463 shares of the company’s stock were exchanged. Comcast Corp. has a one year low of $52.34 and a one year high of $68.36. The firm has a 50 day moving average price of $66.33 and a 200 day moving average price of $63.83. The firm has a market cap of $158.72 billion, a PE ratio of 20.01 and a beta of 1.00.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The business 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 firm earned $0.84 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.275 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.67%. Comcast Corp.’s dividend payout ratio is presently 33.43%.
Several analysts recently issued reports on the stock. RBC Capital Markets restated an “outperform” rating and set a $72.00 target price (up from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Nomura restated a “buy” rating on shares of Comcast Corp. in a research report on Monday, June 27th. Pivotal Research boosted their target price on shares of Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, July 7th. Royal Bank Of Canada boosted their target price on shares of Comcast Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Finally, Argus boosted their target price on shares of Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $72.00.
In related news, 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 sale, the executive vice president now directly owns 81,410 shares in the company, valued at approximately $5,524,482.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $67,262.25. Following the completion of the sale, the executive vice president now owns 47,539 shares in the company, valued at $3,125,689.25. The disclosure for this sale can be found here. Insiders own 1.27% of the company’s stock.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corp. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corp. and related companies with MarketBeat.com's FREE daily email newsletter.