Comcast Corporation $CMCSA Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 131.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,010 shares of the cable giant’s stock after buying an additional 23,868 shares during the quarter. Fox Run Management L.L.C.’s holdings in Comcast were worth $1,320,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC raised its holdings in Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Avalon Trust Co boosted its holdings in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in Comcast during the 2nd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Comcast during the 2nd quarter worth approximately $31,000. Finally, Total Investment Management Inc. acquired a new stake in shares of Comcast in the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.32% of the stock is owned by corporate insiders.

Comcast Stock Performance

Shares of CMCSA opened at $30.79 on Thursday. Comcast Corporation has a 12-month low of $25.75 and a 12-month high of $37.97. The stock has a market cap of $110.78 billion, a P/E ratio of 5.73, a PEG ratio of 2.47 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $29.82 and a two-hundred day moving average of $30.04.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s payout ratio is 24.58%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Bank of America raised shares of Comcast from a “neutral” rating to a “buy” rating and upped their price target for the stock from $31.00 to $37.00 in a research note on Monday, January 12th. Evercore reduced their price objective on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, October 31st. Oppenheimer set a $38.00 price objective on shares of Comcast in a report on Tuesday, November 4th. Finally, Williams Trading set a $40.00 target price on shares of Comcast in a report on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.87.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.