First American Trust FSB increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,336 shares of the cable giant’s stock after acquiring an additional 4,990 shares during the period. First American Trust FSB’s holdings in Comcast were worth $3,325,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Comcast by 108.8% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 33,898,474 shares of the cable giant’s stock worth $1,158,311,000 after buying an additional 17,663,290 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Comcast by 7,838.2% in the 4th quarter. Mackenzie Financial Corp now owns 10,694,977 shares of the cable giant’s stock valued at $428,334,000 after purchasing an additional 10,560,249 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Comcast by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 135,451,128 shares of the cable giant’s stock valued at $4,628,365,000 after purchasing an additional 8,022,739 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Comcast by 2.5% in the 1st quarter. BlackRock Inc. now owns 323,455,630 shares of the cable giant’s stock valued at $11,052,476,000 after purchasing an additional 7,922,120 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Comcast by 24.1% in the 1st quarter. Franklin Resources Inc. now owns 37,387,405 shares of the cable giant’s stock valued at $1,277,535,000 after purchasing an additional 7,257,371 shares in the last quarter. 81.58% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Daniel C. Murdock sold 1,694 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $31.05, for a total transaction of $52,598.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 916 shares of the firm’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $33.20, for a total transaction of $30,411.20. Following the sale, the senior vice president now directly owns 2,120 shares in the company, valued at approximately $70,384. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.
CMCSA has been the subject of a number of recent analyst reports. Pivotal Research reiterated a “buy” rating and set a $45.00 price target on shares of Comcast in a report on Tuesday, June 26th. BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, June 15th. Raymond James lowered shares of Comcast from an “outperform” rating to a “market perform” rating and upped their price target for the company from $44.00 to $63.00 in a report on Wednesday, June 13th. Jefferies Financial Group initiated coverage on shares of Comcast in a report on Thursday, June 7th. They set a “buy” rating and a $41.00 price target for the company. Finally, Macquarie set a $35.00 price target on shares of Comcast and gave the company a “hold” rating in a report on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus price target of $46.43.
Shares of Comcast stock traded up $0.43 during trading on Friday, hitting $33.55. The company’s stock had a trading volume of 518,980 shares, compared to its average volume of 34,238,752. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $153.69 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.19 and a beta of 1.22. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $44.00.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Wednesday, April 25th. The cable giant reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.74 billion. Comcast had a net margin of 26.79% and a return on equity of 16.14%. Comcast’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. equities analysts anticipate that Comcast Co. will post 2.5 EPS for the current year.
The company also recently disclosed 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. This represents a $0.76 annualized dividend and a yield of 2.27%. The ex-dividend date is Monday, July 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.
Comcast Company Profile
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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