Bradley Foster & Sargent Inc. CT boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 1.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 706,962 shares of the cable giant’s stock after buying an additional 11,498 shares during the period. Comcast Corporation makes up 1.1% of Bradley Foster & Sargent Inc. CT’s portfolio, making the stock its 26th largest holding. Bradley Foster & Sargent Inc. CT’s holdings in Comcast Corporation were worth $27,515,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC grew its position in shares of Comcast Corporation by 100.0% during the 1st 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 lifted its holdings in shares of Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Zions Bancorporation lifted its holdings in shares of Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. Founders Capital Management bought a new stake in shares of Comcast Corporation during the 1st quarter worth approximately $113,000. Finally, Pacific Center for Financial Services lifted its holdings in shares of Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after acquiring an additional 1,788 shares during the period. Institutional investors and hedge funds own 81.88% of the company’s stock.
In related news, EVP Arthur R. Block sold 4,091 shares of the company’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 completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the company’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 owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
Comcast Corporation (NASDAQ CMCSA) opened at $36.85 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 12 month low of $32.30 and a 12 month high of $42.18. The company has a market cap of $172,228.45, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.91 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate 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 analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. sell-side analysts expect that Comcast Corporation will post 2.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. Comcast Corporation’s dividend payout ratio is presently 30.36%.
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Several equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price target on shares of Comcast Corporation in a research note on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Finally, Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $45.84.
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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