Proficio Capital Partners LLC increased its stake in Comcast Corp. (NASDAQ:CMCSA) by 80.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,704 shares of the cable giant’s stock after buying an additional 758 shares during the period. Proficio Capital Partners LLC’s holdings in Comcast Corp. were worth $116,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Oakworth Capital Inc. boosted its stake in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock valued at $107,000 after buying an additional 326 shares during the last quarter. Cribstone Capital Management LLC bought a new stake in shares of Comcast Corp. during the second quarter worth about $115,000. CWM LLC boosted 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 last quarter. City Holding Co. boosted 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 last quarter. Finally, Kanaly Trust Co boosted 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 last quarter. 82.22% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.22% during trading on Tuesday, reaching $64.88. The company’s stock had a trading volume of 7,671,878 shares. The company’s 50 day moving average price is $65.86 and its 200 day moving average price is $64.42. 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 $156.48 billion, a PE ratio of 19.73 and a beta of 1.05.
Comcast Corp. (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities analysts predict 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. Stockholders of record on Wednesday, October 5th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, October 3rd. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
A number of equities research analysts have issued reports on the company. RBC Capital Markets reaffirmed an “outperform” rating and set a $72.00 target price (up previously from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Pivotal Research reaffirmed a “buy” rating on shares of Comcast Corp. in a research report on Thursday, July 28th. Pacific Crest upped their target price on Comcast Corp. from $65.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. Jefferies Group upped their target price on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Royal Bank Of Canada upped their target price on Comcast Corp. from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. 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 given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.00.
In related news, EVP Arthur R. Block sold 1,023 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total transaction of $67,262.25. Following the completion of the sale, the executive vice president now directly owns 47,539 shares of the company’s stock, valued at $3,125,689.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil Smit sold 29,475 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 81,410 shares of the company’s stock, valued at $5,524,482.60. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.
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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