Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 711,280 shares of the cable giant’s stock after selling 53,867 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Comcast Corporation were worth $27,683,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in 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 purchasing an additional 1,340 shares in the last quarter. First Bank & Trust boosted its holdings in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares in the last quarter. Zions Bancorporation boosted its holdings in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Comcast Corporation in the first quarter worth $112,000. Finally, Founders Capital Management bought a new stake in Comcast Corporation in the first quarter worth $113,000. Institutional investors and hedge funds own 81.93% of the company’s stock.
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In related news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Insiders sold a total of 9,982 shares of company stock valued at $385,050 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 35.95 on Friday. The company has a market capitalization of $169.45 billion, a PE ratio of 18.11 and a beta of 0.98. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The firm’s 50-day moving average is $38.52 and its 200 day moving average is $39.22.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. On average, analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.
A number of equities research analysts recently issued reports on CMCSA shares. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Tuesday, June 20th. BidaskClub cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Pivotal Research reissued a “buy” rating and set a $48.00 target price on shares of Comcast Corporation in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Instinet reissued a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.83.
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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