Advisor Partners LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,081 shares of the cable giant’s stock after buying an additional 11,472 shares during the period. Comcast Corporation makes up about 1.0% of Advisor Partners LLC’s investment portfolio, making the stock its 20th largest holding. Advisor Partners LLC’s holdings in Comcast Corporation were worth $4,051,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in 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 valued at $100,000 after purchasing an additional 1,340 shares during the last quarter. Zions Bancorporation boosted its stake in Comcast Corporation 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 during the last quarter. First Bank & Trust boosted its stake in Comcast Corporation 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 during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Comcast Corporation during the 1st quarter valued at $112,000. Finally, Founders Capital Management purchased a new position in shares of Comcast Corporation in the 1st quarter worth $113,000. 81.84% of the stock is owned by institutional investors.
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Shares of Comcast Corporation (CMCSA) opened at 36.47 on Wednesday. The company has a 50 day moving average price of $38.35 and a 200-day moving average price of $39.25. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock has a market cap of $171.90 billion, a price-to-earnings ratio of 18.37 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities analysts predict that Comcast Corporation will post $2.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. In the last three months, insiders sold 9,982 shares of company stock valued at $385,050. Company insiders own 1.28% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Instinet restated a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Moffett Nathanson restated a “buy” rating on shares of Comcast Corporation in a research note on Monday. KeyCorp restated a “hold” rating on shares of Comcast Corporation in a research note on Tuesday. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TD Securities assumed coverage on Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.83.
Comcast Corporation 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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