Great Lakes Advisors LLC raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 102.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,477 shares of the cable giant’s stock after purchasing an additional 42,797 shares during the period. Great Lakes Advisors LLC’s holdings in Comcast Corporation were worth $3,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its stake in shares of Comcast Corporation by 110.6% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 33,149 shares of the cable giant’s stock worth $1,246,000 after acquiring an additional 17,411 shares during the last quarter. Abbrea Capital LLC grew its stake in shares of Comcast Corporation by 117.0% during the first quarter. Abbrea Capital LLC now owns 36,968 shares of the cable giant’s stock worth $1,390,000 after acquiring an additional 19,929 shares during the last quarter. Hosking Partners LLP grew its stake in shares of Comcast Corporation by 120.0% during the first quarter. Hosking Partners LLP now owns 1,081,757 shares of the cable giant’s stock worth $40,663,000 after acquiring an additional 590,149 shares during the last quarter. RKL Wealth Management LLC purchased a new stake in shares of Comcast Corporation during the first quarter worth about $201,000. Finally, Coldstream Capital Management Inc. grew its stake in shares of Comcast Corporation by 137.0% during the first quarter. Coldstream Capital Management Inc. now owns 8,313 shares of the cable giant’s stock worth $312,000 after acquiring an additional 4,805 shares during the last quarter. Institutional investors own 82.02% of the company’s stock.
A number of brokerages recently commented on CMCSA. Argus upped their target price on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. Wells Fargo & Company reiterated an “outperform” rating and issued a $44.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $45.83.
Comcast Corporation (CMCSA) traded down 1.78% on Friday, reaching $36.93. The company had a trading volume of 62,370,131 shares. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company has a market capitalization of $174.06 billion, a PE ratio of 18.60 and a beta of 1.01. The company’s 50-day moving average is $40.00 and its 200-day moving average is $39.17.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation 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 owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.28% of the stock is owned by insiders.
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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