Bronfman E.L. Rothschild L.P. lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 110.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,149 shares of the cable giant’s stock after purchasing an additional 17,411 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Comcast Corporation were worth $1,246,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of CMCSA. Patriot Financial Group Insurance Agency LLC grew its holdings 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 worth $100,000 after acquiring an additional 1,340 shares during the period. OLD Second National Bank of Aurora grew its holdings in 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 acquiring an additional 973 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Comcast Corporation during the 1st quarter worth $112,000. MU Investments Co. Ltd. grew its holdings in Comcast Corporation by 71.1% during the 1st quarter. MU Investments Co. Ltd. now owns 3,200 shares of the cable giant’s stock worth $120,000 after acquiring an additional 1,330 shares during the period. Finally, Armbruster Capital Management Inc. grew its holdings in 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 acquiring an additional 1,606 shares during the period. 82.02% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Corporation (NASDAQ CMCSA) traded down 1.78% during mid-day trading on Friday, hitting $36.93. 62,370,131 shares of the stock were exchanged. The stock has a market capitalization of $174.06 billion, a price-to-earnings ratio of 18.60 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The stock’s 50-day moving average is $40.00 and its 200-day moving average is $39.17.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results 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. 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 period last year, the firm posted $0.83 earnings per share. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
CMCSA has been the subject of a number of analyst reports. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus lifted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Sunday, July 9th. Finally, Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. Two investment 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 a consensus price target of $45.83.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.28% of the company’s stock.
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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