Parthenon LLC continued to hold its position in shares of Comcast Corp. (NASDAQ:CMCSA) during the second quarter, Holdings Channel reports. The firm owned 3,911 shares of the cable giant’s stock at the end of the second quarter. Parthenon LLC’s holdings in Comcast Corp. were worth $255,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Sigma Planning Corp raised its stake in shares of Comcast Corp. by 0.6% in the first quarter. Sigma Planning Corp now owns 10,927 shares of the cable giant’s stock worth $667,000 after buying an additional 69 shares in the last quarter. V Wealth Management LLC bought a new stake in shares of Comcast Corp. during the first quarter worth $2,032,000. Boston Advisors LLC raised its stake in shares of Comcast Corp. by 5.5% in the first quarter. Boston Advisors LLC now owns 955,298 shares of the cable giant’s stock worth $58,350,000 after buying an additional 49,455 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Comcast Corp. by 11.8% in the first quarter. Carroll Financial Associates Inc. now owns 4,543 shares of the cable giant’s stock worth $277,000 after buying an additional 480 shares in the last quarter. Finally, Tompkins Financial Corp raised its stake in shares of Comcast Corp. by 13.8% in the first quarter. Tompkins Financial Corp now owns 12,215 shares of the cable giant’s stock worth $746,000 after buying an additional 1,485 shares in the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 0.55% during midday trading on Tuesday, reaching $66.17. 8,627,977 shares of the company’s stock were exchanged. The stock has a market capitalization of $159.59 billion, a P/E ratio of 20.12 and a beta of 1.00. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The firm has a 50-day moving average of $66.30 and a 200-day moving average of $63.88.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.02. The business earned $18.74 billion during 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 company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Analysts anticipate 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. Stockholders of record on Wednesday, October 5th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, October 3rd. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
A number of brokerages have weighed in on CMCSA. Credit Suisse Group AG restated an “outperform” rating and issued a $63.00 target price on shares of Comcast Corp. in a research report on Wednesday, June 1st. Argus reiterated a “buy” rating and set a $81.00 price target on shares of Comcast Corp. in a report on Tuesday. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $70.00 price target on shares of Comcast Corp. in a report on Monday, July 11th. RBC Capital Markets reiterated an “outperform” rating and set a $72.00 price target (up previously from $70.00) on shares of Comcast Corp. in a report on Thursday, July 28th. Finally, Jefferies Group lifted their price target on shares of Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. 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 stock. The stock presently has an average rating of “Buy” and a consensus target price of $72.00.
In other news, EVP Neil Smit sold 29,475 shares of the business’s stock in a transaction 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 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 Securities & Exchange Commission, which is available through this link. Also, Chairman Brian L. Roberts sold 304,109 shares of the business’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 transaction, the chairman now directly owns 630,596 shares in the company, valued at approximately $42,413,886.96. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by 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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