Artemis Investment Management LLP increased its position in Comcast Corp. (NASDAQ:CMCSA) by 72.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 307,941 shares of the cable giant’s stock after buying an additional 129,286 shares during the period. Artemis Investment Management LLP’s holdings in Comcast Corp. were worth $20,078,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can acquired a new stake in Comcast Corp. during the second quarter valued at approximately $446,948,000. Wellington Management Group LLP boosted its stake 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 valued at $3,306,753,000 after buying an additional 4,682,432 shares in the last quarter. Bessemer Group Inc. boosted its stake in Comcast Corp. by 6,562.5% in the first quarter. Bessemer Group Inc. now owns 4,160,780 shares of the cable giant’s stock valued at $254,140,000 after buying an additional 4,098,329 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in Comcast Corp. by 25.9% in the first quarter. 1832 Asset Management L.P. now owns 6,274,405 shares of the cable giant’s stock valued at $635,483,000 after buying an additional 1,291,270 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in Comcast Corp. during the first quarter valued at approximately $60,035,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded down 0.64% during trading on Thursday, reaching $66.25. The company’s stock had a trading volume of 9,331,956 shares. The company’s 50 day moving average price is $66.27 and its 200 day moving average price is $63.92. The company has a market cap of $159.78 billion, a P/E ratio of 20.14 and a beta of 1.00. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $68.36.
Comcast Corp. (NASDAQ:CMCSA) last announced its 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 firm 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 for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $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 given a dividend of $0.275 per share. The ex-dividend date of this dividend 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%.
Several analysts recently commented on the company. RBC Capital Markets restated an “outperform” rating and issued a $72.00 target price (up from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Nomura reaffirmed a “buy” rating on shares of Comcast Corp. in a research note on Monday, June 27th. Pivotal Research increased their price target on Comcast Corp. from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, July 7th. Royal Bank Of Canada increased their price target on Comcast Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Finally, Argus increased their price target on Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Comcast Corp. presently has an average rating of “Buy” and a consensus target price of $72.00.
In other Comcast Corp. news, EVP Neil Smit sold 15,121 shares of the business’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 sale, the executive vice president now directly owns 66,289 shares of the company’s stock, valued at approximately $4,353,861.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the sale, 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.
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.
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