Fortaleza Asset Management Inc. maintained its stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,830 shares of the cable giant’s stock at the end of the 2nd quarter. Comcast Corporation comprises 2.0% of Fortaleza Asset Management Inc.’s holdings, making the stock its 7th biggest position. Fortaleza Asset Management Inc.’s holdings in Comcast Corporation were worth $1,044,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Penobscot Investment Management Company Inc. boosted its holdings in Comcast Corporation by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after acquiring an additional 2,828 shares during the period. WINTON GROUP Ltd boosted its holdings in Comcast Corporation by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after acquiring an additional 186,920 shares during the period. Boston Partners boosted its holdings in Comcast Corporation by 140.7% during the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after acquiring an additional 9,739,468 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Comcast Corporation by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after acquiring an additional 451,551 shares during the period. Finally, Tower Bridge Advisors boosted its holdings in Comcast Corporation by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after acquiring an additional 13,003 shares during the period. Institutional investors own 81.82% of the company’s stock.
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In other news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction 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 have sold 9,982 shares of company stock worth $385,050 over the last three months. Corporate insiders own 1.28% of the company’s stock.
CMCSA has been the subject of several analyst reports. KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a report on Sunday, September 17th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a research report on Wednesday, October 18th. Argus upped their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $46.07.
Comcast Corporation (NASDAQ:CMCSA) opened at 36.50 on Wednesday. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The stock has a market capitalization of $172.04 billion, a P/E ratio of 18.39 and a beta of 0.98. The stock has a 50 day moving average price of $37.71 and a 200-day moving average price of $39.19.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. Equities research analysts expect that Comcast Corporation will post $2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
Comcast Corporation Company Profile
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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