Burke & Herbert Bank & Trust Co. boosted its position in Comcast Corp. (NASDAQ:CMCSA) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 10,422 shares of the cable giant’s stock after buying an additional 330 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Comcast Corp. were worth $679,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in Comcast Corp. during the second quarter worth $446,948,000. 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 during the last quarter. Bessemer Group Inc. boosted its position 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 worth $254,140,000 after buying an additional 4,098,329 shares during the last quarter. 1832 Asset Management L.P. boosted its position 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 worth $635,483,000 after buying an additional 1,291,270 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in Comcast Corp. during the first quarter worth $60,035,000. Institutional investors and hedge funds own 82.22% of the company’s stock.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.59% on Thursday, hitting $65.41. 7,247,662 shares of the stock were exchanged. The firm has a market cap of $157.76 billion, a price-to-earnings ratio of 19.89 and a beta of 1.05. Comcast Corp. has a one year low of $52.34 and a one year high of $68.36. The firm’s 50 day moving average price is $66.10 and its 200 day moving average price is $64.13.
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, beating the consensus estimate of $0.81 by $0.02. The business earned $18.74 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share. Equities analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.275 per share. The ex-dividend date is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.68%. Comcast Corp.’s dividend payout ratio (DPR) is 33.43%.
Several brokerages have commented on CMCSA. RBC Capital Markets reissued an “outperform” rating and issued a $72.00 price target (up previously from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Nomura reissued a “buy” rating on shares of Comcast Corp. in a research report on Monday, June 27th. Pivotal Research raised 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. Royal Bank Of Canada raised their price target on shares of Comcast Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. Finally, Argus raised their price target on shares of Comcast Corp. from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has assigned 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 news, EVP Neil Smit sold 29,475 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $5,524,482.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 304,109 shares of the firm’s stock in a transaction dated 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 owns 630,596 shares in the company, valued at $42,413,886.96. 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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