Associated Banc Corp grew its stake in Comcast (NASDAQ:CMCSA) by 54.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 576,840 shares of the cable giant’s stock after purchasing an additional 202,194 shares during the period. Comcast makes up approximately 1.1% of Associated Banc Corp’s portfolio, making the stock its 27th biggest holding. Associated Banc Corp’s holdings in Comcast were worth $19,711,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Sky Investment Group LLC boosted its position in Comcast by 7.3% during the fourth quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock worth $1,487,000 after purchasing an additional 2,536 shares in the last quarter. Convergence Investment Partners LLC boosted its position in Comcast by 32.1% during the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock worth $4,204,000 after purchasing an additional 25,508 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Comcast by 1.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock worth $4,016,000 after purchasing an additional 1,853 shares in the last quarter. Hoylecohen LLC purchased a new stake in Comcast during the fourth quarter worth $211,000. Finally, Sequoia Financial Advisors LLC boosted its position in Comcast by 26.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 10,298 shares of the cable giant’s stock worth $412,000 after purchasing an additional 2,180 shares in the last quarter. 83.75% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on CMCSA. Guggenheim boosted their target price on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Bank of America boosted their target price on Comcast from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Cowen began coverage on Comcast in a research report on Monday, March 26th. They set a “market perform” rating and a $39.00 target price on the stock. BidaskClub downgraded Comcast from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, KeyCorp began coverage on Comcast in a research report on Wednesday. They set a “buy” rating and a $38.00 target price on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $46.23.
NASDAQ CMCSA opened at $32.72 on Friday. Comcast has a twelve month low of $30.43 and a twelve month high of $44.00. The stock has a market cap of $151.18 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.20 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.90.
Comcast (NASDAQ:CMCSA) last released its earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Comcast had a return on equity of 16.14% and a net margin of 26.79%. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.74 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. equities analysts anticipate that Comcast will post 2.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 25th. Investors of record on Tuesday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, July 2nd. This represents a $0.76 annualized dividend and a yield of 2.32%. Comcast’s dividend payout ratio (DPR) is presently 36.89%.
In other Comcast news, CEO Brian L. Roberts sold 358,353 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $36.89, for a total transaction of $13,219,642.17. Following the completion of the sale, the chief executive officer now directly owns 1,717,788 shares in the company, valued at $63,369,199.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Brian L. Roberts sold 691,105 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $36.53, for a total value of $25,246,065.65. Following the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The disclosure for this sale can be found here. Insiders have sold 1,210,111 shares of company stock worth $44,299,007 over the last quarter. 1.28% of the stock is currently owned by company insiders.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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