Ausdal Financial Partners Inc. decreased its position in Comcast Corp. (NASDAQ:CMCSA) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,867 shares of the cable giant’s stock after selling 128 shares during the period. Ausdal Financial Partners Inc.’s holdings in Comcast Corp. were worth $252,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Bank of Montreal Can purchased a new position in Comcast Corp. during the second quarter valued at $446,948,000. Wellington Management Group LLP raised 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 valued at $3,306,753,000 after buying an additional 4,682,432 shares during the last quarter. Bessemer Group Inc. raised 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 valued at $254,140,000 after buying an additional 4,098,329 shares during the last quarter. 1832 Asset Management L.P. raised 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 valued at $635,483,000 after buying an additional 1,291,270 shares during the last quarter. Finally, Standard Life Investments LTD raised its position in Comcast Corp. by 27.8% in the second quarter. Standard Life Investments LTD now owns 4,391,075 shares of the cable giant’s stock valued at $286,297,000 after buying an additional 956,370 shares during the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 0.40% during trading on Tuesday, hitting $65.28. 3,213,942 shares of the stock were exchanged. Comcast Corp. has a 12-month low of $52.34 and a 12-month high of $68.36. The stock has a market cap of $157.44 billion, a P/E ratio of 19.85 and a beta of 1.05. The stock has a 50-day moving average of $65.86 and a 200 day moving average of $64.42.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities analysts predict that Comcast Corp. will post $3.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.69%. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
Several equities analysts have weighed in on CMCSA shares. Nomura boosted their target price on shares of Comcast Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a report on Monday, June 27th. Robert W. Baird reiterated an “outperform” rating and issued a $67.00 target price on shares of Comcast Corp. in a report on Tuesday, June 28th. Pivotal Research upped their price objective on shares of Comcast Corp. from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, July 7th. Barclays PLC restated an “overweight” rating and issued a $69.00 price objective (up from $65.00) on shares of Comcast Corp. in a report on Sunday, July 10th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating and issued a $70.00 price objective on shares of Comcast Corp. in a report on Monday, July 11th. 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 assigned a strong buy rating to the stock. Comcast Corp. 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 transaction of $2,000,173.50. Following the completion of the transaction, the executive vice president now owns 81,410 shares of the company’s stock, valued at $5,524,482.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $65.75, for a total transaction of $67,262.25. Following the transaction, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at approximately $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by corporate insiders.
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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