Bartlett & Co. LLC lowered its stake in Comcast Corp. (NASDAQ:CMCSA) by 21.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,739 shares of the cable giant’s stock after selling 6,074 shares during the period. Bartlett & Co. LLC’s holdings in Comcast Corp. were worth $1,417,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Oakworth Capital Inc. raised its stake in 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 in the last quarter. Cribstone Capital Management LLC bought a new stake in Comcast Corp. during the second quarter valued at $115,000. CWM LLC raised its stake in 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 in the last quarter. City Holding Co. raised its stake in 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 in the last quarter. Finally, Kanaly Trust Co raised its stake in 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 in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.14% on Friday, reaching $66.34. The company had a trading volume of 10,567,846 shares. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36. The stock’s 50-day moving average price is $66.23 and its 200 day moving average price is $63.97. The firm has a market capitalization of $160.00 billion, a price-to-earnings ratio of 20.17 and a beta of 1.00.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The company earned $18.74 billion during the quarter, compared to the consensus estimate of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. Comcast Corp.’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. On average, equities analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a $0.275 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.10 annualized dividend and a yield of 1.66%. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
CMCSA has been the subject of several research reports. Pivotal Research lifted their price target 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. Wells Fargo & Co. reissued a “buy” rating on shares of Comcast Corp. in a research report on Monday, July 18th. Barclays PLC reissued an “overweight” rating and issued a $69.00 price target (up previously from $65.00) on shares of Comcast Corp. in a research report on Sunday, July 10th. Argus reaffirmed a “buy” rating and set a $81.00 price objective on shares of Comcast Corp. in a report on Tuesday, September 27th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Comcast Corp. in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $72.00.
In other news, Chairman Brian L. Roberts sold 304,109 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the completion of the sale, the chairman now directly owns 630,596 shares in the company, valued at approximately $42,413,886.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $65.68, for a total value of $993,147.28. Following the sale, the executive vice president now owns 66,289 shares of the company’s stock, valued at $4,353,861.52. The disclosure for this sale can be found here. 1.27% of the stock is owned by company 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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