Insight Capital Research & Management Inc. bought a new stake in shares of Comcast Corp. (NASDAQ:CMCSA) during the second quarter, Holdings Channel reports. The firm bought 43,991 shares of the cable giant’s stock, valued at approximately $2,868,000.
A number of other institutional investors have also recently bought and sold shares of CMCSA. Bank of Montreal Can bought a new position in shares of Comcast Corp. during the second quarter valued at approximately $446,948,000. Wellington Management Group LLP raised its position in shares of 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. raised its position in shares of 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. raised its position in shares of 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. bought a new position in shares of Comcast Corp. during the first quarter valued at approximately $60,035,000. Institutional investors 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 traded hands. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The firm has a market cap of $157.76 billion, a P/E ratio of 19.89 and a beta of 1.05. The firm’s 50-day moving average is $66.10 and its 200 day moving average is $64.13.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. The firm had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. Comcast Corp.’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 earnings per share. Equities research analysts forecast that Comcast Corp. will post $3.52 EPS 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 dividend on an annualized basis and a yield of 1.68%. Comcast Corp.’s dividend payout ratio (DPR) is 33.43%.
Several equities research analysts recently weighed in on CMCSA shares. Pivotal Research upped their target price on shares of Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, July 7th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Comcast Corp. in a research note on Monday, July 18th. Argus reaffirmed a “buy” rating and set a $81.00 target price on shares of Comcast Corp. in a research note on Tuesday, September 27th. Barclays PLC reaffirmed an “overweight” rating and set a $69.00 target price (up from $65.00) on shares of Comcast Corp. in a research note on Sunday, July 10th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Comcast Corp. in a research note on Friday, September 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $72.00.
In other news, Chairman Brian L. Roberts sold 304,109 shares of Comcast Corp. stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the sale, the chairman now owns 630,596 shares in the company, valued at $42,413,886.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil Smit sold 15,121 shares of Comcast Corp. stock in a transaction that occurred on 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 owns 66,289 shares in the company, valued at approximately $4,353,861.52. 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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