Alps Advisors Inc. increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 66.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,587 shares of the cable giant’s stock after purchasing an additional 9,446 shares during the quarter. Alps Advisors Inc.’s holdings in Comcast Corporation were worth $918,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Connecticut Wealth Management LLC grew its position in shares of Comcast Corporation by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after buying an additional 24 shares in the last quarter. Financial Consulate Inc. lifted its stake in Comcast Corporation by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares during the last quarter. Peoples Bank OH lifted its stake in Comcast Corporation by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the last quarter. Sabal Trust CO lifted its stake in Comcast Corporation by 0.6% during the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock worth $559,000 after purchasing an additional 79 shares during the last quarter. Finally, Starfire Investment Advisers Inc. lifted its stake in Comcast Corporation by 1.2% during the second quarter. Starfire Investment Advisers Inc. now owns 8,325 shares of the cable giant’s stock worth $324,000 after purchasing an additional 95 shares during the last quarter. 81.82% of the stock is owned by institutional investors.
In other news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation 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 transaction, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is currently owned by insiders.
CMCSA has been the topic of a number of recent research reports. Bank of America Corporation raised their target price on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Morgan Stanley restated an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Comcast Corporation in a research note on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $47.00 price objective on shares of Comcast Corporation in a research note on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a report on Sunday, July 9th. Finally, TD Securities began coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and an average price target of $45.84.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 36.79 on Friday. The company has a market capitalization of $173.40 billion, a PE ratio of 18.53 and a beta of 0.98. The firm has a 50-day moving average price of $37.60 and a 200-day moving average price of $39.17. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that Comcast Corporation will post $2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is presently 30.36%.
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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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