Quadrant Capital Group LLC boosted its stake in Comcast Corp. (NASDAQ:CMCSA) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 4,360 shares of the cable giant’s stock after buying an additional 352 shares during the period. Quadrant Capital Group LLC’s holdings in Comcast Corp. were worth $271,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Oakworth Capital Inc. raised its position in Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock worth $107,000 after buying an additional 326 shares during the period. Cribstone Capital Management LLC acquired a new stake in shares of Comcast Corp. during the second quarter worth about $115,000. CWM LLC increased its stake in shares of Comcast Corp. by 25.1% in the second quarter. CWM LLC now owns 2,051 shares of the cable giant’s stock worth $134,000 after buying an additional 411 shares during the period. City Holding Co. increased its stake in shares of Comcast Corp. by 6.0% in the second quarter. City Holding Co. now owns 2,169 shares of the cable giant’s stock worth $141,000 after buying an additional 122 shares during the period. Finally, Kanaly Trust Co increased its stake in shares of Comcast Corp. by 4.0% in the second quarter. Kanaly Trust Co now owns 2,369 shares of the cable giant’s stock worth $154,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 82.22% of the company’s stock.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.08% during midday trading on Friday, reaching $65.36. The company’s stock had a trading volume of 7,471,618 shares. The company has a market capitalization of $157.64 billion, a P/E ratio of 19.87 and a beta of 1.05. Comcast Corp. has a 1-year low of $52.34 and a 1-year high of $68.36. The stock has a 50 day moving average of $65.97 and a 200-day moving average of $64.18.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, topping the consensus estimate of $0.81 by $0.02. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. During the same quarter last year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Corp. will post $3.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid 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 1.68%. Comcast Corp.’s dividend payout ratio (DPR) is 33.43%.
A number of analysts have issued reports on the company. RBC Capital Markets reaffirmed an “outperform” rating and set a $72.00 price target (up from $70.00) on shares of Comcast Corp. in a report on Thursday, July 28th. Pivotal Research reaffirmed a “buy” rating on shares of Comcast Corp. in a report on Thursday, July 28th. Pacific Crest lifted their price target on Comcast Corp. from $65.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. Jefferies Group lifted their price target on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Royal Bank Of Canada lifted their price target on Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.00.
In other Comcast Corp. news, EVP Neil Smit sold 15,121 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total value of $993,147.28. Following the sale, the executive vice president now owns 66,289 shares in the company, valued at $4,353,861.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brian L. Roberts sold 304,109 shares of the firm’s 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 completion of the sale, the chairman now owns 630,596 shares in the company, valued at approximately $42,413,886.96. The disclosure for this sale can be found here. Corporate 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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