Sentry Investment Management LLC raised its position in Comcast Corporation (NASDAQ:CMCSA) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 380,573 shares of the cable giant’s stock after acquiring an additional 4,034 shares during the quarter. Comcast makes up 0.6% of Sentry Investment Management LLC’s investment portfolio, making the stock its 27th largest position. Sentry Investment Management LLC’s holdings in Comcast were worth $14,812,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Zions Bancorporation boosted its stake in shares of Comcast by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC boosted its stake in shares of Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. First Bank & Trust boosted its stake in shares of Comcast by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Founders Capital Management bought a new stake in shares of Comcast during the 1st quarter valued at about $113,000. Finally, Partners Capital Investment Group Holdings LLC boosted its stake in Comcast by 100.0% during the first quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock worth $131,000 after acquiring an additional 1,744 shares in the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at $39.12 on Friday. The stock has a market cap of $180,314.09, a P/E ratio of 19.15, a PEG ratio of 1.84 and a beta of 1.01. Comcast Corporation has a 52 week low of $34.12 and a 52 week high of $42.18. 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 (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. research analysts forecast that Comcast Corporation will post 2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.61%. Comcast’s payout ratio is 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.
CMCSA has been the topic of several research reports. UBS reissued an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. KeyCorp reissued a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Finally, Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.72.
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Comcast 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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