Garcia Hamilton & Associates LP DE increased its stake in Comcast Corp. (NASDAQ:CMCSA) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,894 shares of the cable giant’s stock after buying an additional 2,095 shares during the period. Comcast Corp. comprises approximately 2.5% of Garcia Hamilton & Associates LP DE’s portfolio, making the stock its 12th largest position. Garcia Hamilton & Associates LP DE’s holdings in Comcast Corp. were worth $4,230,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Vanguard Group Inc. boosted its position in Comcast Corp. by 0.9% in the second quarter. Vanguard Group Inc. now owns 145,614,334 shares of the cable giant’s stock worth $9,492,598,000 after buying an additional 1,297,292 shares in the last quarter. Wellington Management Group LLP boosted its position in Comcast Corp. by 9.5% in the first quarter. Wellington Management Group LLP now owns 54,138,081 shares of the cable giant’s stock worth $3,306,753,000 after buying an additional 4,682,432 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Comcast Corp. by 3.0% in the second quarter. Ameriprise Financial Inc. now owns 31,177,523 shares of the cable giant’s stock worth $2,032,387,000 after buying an additional 917,751 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Comcast Corp. by 1.5% in the second quarter. First Eagle Investment Management LLC now owns 26,216,689 shares of the cable giant’s stock worth $1,709,066,000 after buying an additional 385,942 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in Comcast Corp. by 0.9% in the first quarter. BlackRock Group LTD now owns 23,038,443 shares of the cable giant’s stock worth $1,407,188,000 after buying an additional 201,627 shares in the last quarter. Institutional investors and hedge funds own 82.22% of the company’s stock.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 66.34 on Monday. The firm has a market cap of $160.00 billion, a P/E ratio of 20.17 and a beta of 1.05. 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 is $66.23 and its 200 day moving average is $63.97.
Comcast Corp. (NASDAQ:CMCSA) last posted its 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 business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. On average, equities research analysts predict that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Investors 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 1.66%. Comcast Corp.’s payout ratio is 33.43%.
A number of research firms recently commented on CMCSA. Jefferies Group reiterated a “buy” rating on shares of Comcast Corp. in a report on Friday. RBC Capital Markets restated an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Comcast Corp. in a research note on Thursday, July 28th. Nomura restated a “buy” rating on shares of Comcast Corp. in a research note on Monday, June 27th. Pivotal Research upped their price target on Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, July 7th. Finally, Royal Bank Of Canada upped their price target on Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. One equities 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 given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $72.00.
In other Comcast Corp. news, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $65.75, for a total value of $67,262.25. Following the transaction, the executive vice president now owns 47,539 shares in the company, valued at approximately $3,125,689.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Neil Smit sold 29,475 shares of the business’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $67.86, for a total transaction of $2,000,173.50. Following the completion of the transaction, the executive vice president now owns 81,410 shares in the company, valued at approximately $5,524,482.60. The disclosure for this sale can be found here. Corporate 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.