Brave Warrior Advisors LLC Buys 16,097 Shares of Comcast Corporation (CMCSA)

Brave Warrior Advisors LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 100.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 32,194 shares of the cable giant’s stock after buying an additional 16,097 shares during the period. Comcast Corporation makes up about 0.1% of Brave Warrior Advisors LLC’s portfolio, making the stock its 14th largest position. Brave Warrior Advisors LLC’s holdings in Comcast Corporation were worth $1,210,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora boosted its position 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 worth $101,000 after buying an additional 973 shares during the last quarter. Orrstown Financial Services Inc. boosted its position 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 worth $108,000 after buying an additional 1,757 shares during the last quarter. CT Financial Advisors LLC boosted its position 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 worth $109,000 after buying an additional 1,512 shares during the last quarter. Finally, Adirondack Trust Co. boosted its position in shares of Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock worth $109,000 after buying an additional 1,450 shares during the last quarter. 82.32% of the stock is owned by institutional investors and hedge funds.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.554% on Thursday, hitting $40.855. The stock had a trading volume of 3,370,319 shares. The company has a market capitalization of $192.56 billion, a PE ratio of 20.582 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a 50 day moving average of $39.42 and a 200 day moving average of $38.73.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Comcast Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. Comcast Corporation’s dividend payout ratio is 31.74%.

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CMCSA has been the subject of a number of recent analyst reports. Macquarie reaffirmed a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price target (up from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Instinet reaffirmed a “buy” rating and set a $43.00 price target (down from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Wunderlich raised their price target on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $45.69.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.

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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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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