Financial Consulate Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 104.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,370 shares of the cable giant’s stock after buying an additional 3,251 shares during the period. Financial Consulate Inc.’s holdings in Comcast Corporation were worth $239,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. OLD Second National Bank of Aurora boosted its stake in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the last quarter. Advantage Investment Management LLC purchased a new stake in shares of Comcast Corporation during the fourth quarter valued at approximately $103,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Comcast Corporation during the fourth quarter valued at approximately $105,000. Orrstown Financial Services Inc. boosted its stake in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares during the last quarter. Finally, CT Financial Advisors LLC boosted its stake in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares during the last quarter. 82.66% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at 41.80 on Tuesday. The stock has a market capitalization of $198.65 billion, a PE ratio of 22.18 and a beta of 1.04. The stock’s 50 day moving average is $40.16 and its 200 day moving average is $37.69. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The business had revenue of $20.46 billion for the quarter, compared to analyst estimates of $20.10 billion. During the same period last year, the business posted $0.84 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts forecast that Comcast Corporation will post $1.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 5th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Friday, June 30th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.51%. Comcast Corporation’s payout ratio is 33.51%.
Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Credit Suisse Group upped their price target on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Pivotal Research dropped their price target on Comcast Corporation to $48.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price target (up previously from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Two research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Comcast Corporation presently has a consensus rating of “Buy” and an average price target of $43.35.
In related news, EVP Arthur R. Block sold 2,356 shares of the firm’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total value of $89,103.92. Following the completion of the transaction, the executive vice president now owns 62,988 shares of the company’s stock, valued at $2,382,206.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 334,759 shares of company stock worth $12,937,359. 1.27% of the stock is currently owned by company insiders.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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