Accident Compensation Corp raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 350.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the cable giant’s stock after buying an additional 14,000 shares during the quarter. Accident Compensation Corp’s holdings in Comcast Corporation were worth $677,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Patriot Financial Group Insurance Agency LLC raised 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 during the period. OLD Second National Bank of Aurora raised its position in shares of Comcast Corporation by 56.5% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after purchasing an additional 973 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Comcast Corporation during the 1st quarter worth approximately $112,000. Founders Capital Management acquired a new stake in shares of Comcast Corporation during the 1st quarter worth approximately $113,000. Finally, Armbruster Capital Management Inc. raised its position in shares of Comcast Corporation by 100.0% during the 1st quarter. Armbruster Capital Management Inc. now owns 3,212 shares of the cable giant’s stock worth $121,000 after purchasing an additional 1,606 shares during the period. Hedge funds and other institutional investors own 82.02% of the company’s stock.
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In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.28% of the stock is currently owned by insiders.
CMCSA has been the topic of a number of research reports. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Pivotal Research reiterated a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a research report on Tuesday, June 27th. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley restated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $45.83.
Comcast Corporation (NASDAQ CMCSA) traded down 2.2223% during midday trading on Friday, hitting $36.7644. The stock had a trading volume of 32,354,082 shares. The company has a market cap of $173.28 billion, a P/E ratio of 18.5211 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock’s 50-day moving average is $40.07 and its 200-day moving average is $39.17.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is presently 31.74%.
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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