Prospera Financial Services Inc boosted its stake in Comcast Corp. (NASDAQ:CMCSA) by 106.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,468 shares of the cable giant’s stock after buying an additional 6,424 shares during the period. Prospera Financial Services Inc’s holdings in Comcast Corp. were worth $813,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Oakworth Capital Inc. boosted its position 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 period. Cribstone Capital Management LLC bought a new position in shares of Comcast Corp. during the second quarter valued at approximately $115,000. CWM LLC boosted its position 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 period. City Holding Co. boosted its position 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 period. Finally, Kanaly Trust Co boosted its position 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 period. 82.22% of the stock is owned by institutional investors.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.77% during midday trading on Wednesday, hitting $66.68. The company had a trading volume of 7,806,127 shares. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $68.36. The firm has a market capitalization of $160.82 billion, a P/E ratio of 20.27 and a beta of 1.00. The firm’s 50 day moving average is $66.29 and its 200-day moving average is $63.90.
Comcast Corp. (NASDAQ:CMCSA) last announced its earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The company earned $18.74 billion during the quarter, compared to analyst estimates of $19.11 billion. During the same period in the previous year, the business earned $0.84 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Comcast Corp. will post $3.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.10 annualized dividend and a yield of 1.65%. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
Several analysts have issued reports on CMCSA shares. Jefferies Group upped their price objective on Comcast Corp. from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Pivotal Research restated a “buy” rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Wells Fargo & Co. restated a “buy” rating on shares of Comcast Corp. in a research note on Monday, July 18th. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $70.00 price objective on shares of Comcast Corp. in a research note on Monday, July 11th. Finally, Nomura restated a “buy” rating on shares of Comcast Corp. in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Comcast Corp. presently has an average rating of “Buy” and an average target price of $72.00.
In other Comcast Corp. news, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Brian L. Roberts sold 304,109 shares of the company’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the sale, the chairman now owns 630,596 shares of the company’s stock, valued at $42,413,886.96. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by corporate insiders.
About Comcast Corp.
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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