Northern Capital Management LLC decreased its stake in shares of Comcast Corp. (NASDAQ:CMCSA) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 28,457 shares of the cable giant’s stock after selling 650 shares during the period. Northern Capital Management LLC’s holdings in Comcast Corp. were worth $1,855,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Dubuque Bank & Trust Co. boosted its position in shares of Comcast Corp. by 19.5% in the first quarter. Dubuque Bank & Trust Co. now owns 54,553 shares of the cable giant’s stock worth $3,332,000 after buying an additional 8,897 shares during the last quarter. WASHINGTON TRUST Co boosted its position in shares of Comcast Corp. by 1.1% in the first quarter. WASHINGTON TRUST Co now owns 93,668 shares of the cable giant’s stock worth $5,721,000 after buying an additional 989 shares during the last quarter. Icon Advisers Inc. Co. boosted its position in shares of Comcast Corp. by 127.0% in the first quarter. Icon Advisers Inc. Co. now owns 148,344 shares of the cable giant’s stock worth $9,061,000 after buying an additional 83,000 shares during the last quarter. guardian investment management bought a new position in shares of Comcast Corp. during the first quarter worth about $1,344,000. Finally, CQS Cayman LP bought a new position in shares of Comcast Corp. during the first quarter worth about $519,000. Institutional investors own 82.22% of the company’s stock.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.05% during mid-day trading on Wednesday, reaching $65.80. 8,251,405 shares of the company were exchanged. Comcast Corp. has a 12 month low of $52.34 and a 12 month high of $68.36. The firm has a market capitalization of $158.70 billion, a PE ratio of 20.01 and a beta of 1.05. The company’s 50 day moving average price is $66.10 and its 200 day moving average price is $64.13.
Comcast Corp. (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $19.11 billion. During the same period in the previous year, the firm earned $0.84 EPS. Comcast Corp.’s revenue was up 2.8% on a year-over-year basis. 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. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.67%. Comcast Corp.’s dividend payout ratio (DPR) is 33.43%.
CMCSA has been the subject of several recent analyst reports. Jefferies Group boosted their price target on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Pivotal Research reaffirmed a “buy” rating on shares of Comcast Corp. in a report on Thursday, July 28th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Comcast Corp. in a report on Monday, July 18th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Comcast Corp. in a report on Monday, July 11th. Finally, Nomura reaffirmed a “buy” rating on shares of Comcast Corp. in a report on Monday, June 27th. One investment 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’s stock. The company presently has an average rating of “Buy” and an average target price of $72.00.
In other news, EVP Neil Smit sold 29,475 shares of Comcast Corp. stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 81,410 shares of the company’s stock, valued at $5,524,482.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 1,023 shares of Comcast Corp. stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the completion of the transaction, the executive vice president now directly owns 47,539 shares in the company, valued at $3,125,689.25. The disclosure for this sale can be found here. Company insiders own 1.27% of the company’s stock.
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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