Alpha Windward LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,802 shares of the cable giant’s stock after buying an additional 777 shares during the period. Alpha Windward LLC’s holdings in Comcast Corporation were worth $381,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P increased its position in Comcast Corporation by 1.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,692,001 shares of the cable giant’s stock valued at $185,883,000 after buying an additional 50,012 shares during the last quarter. Sciencast Management LP purchased a new position in Comcast Corporation during the fourth quarter valued at $617,000. GLG LLC increased its position in Comcast Corporation by 6.8% in the fourth quarter. GLG LLC now owns 288,317 shares of the cable giant’s stock valued at $19,908,000 after buying an additional 18,329 shares during the last quarter. Seven Eight Capital LP purchased a new position in Comcast Corporation during the fourth quarter valued at $4,965,000. Finally, Ancora Advisors LLC purchased a new position in Comcast Corporation during the fourth quarter valued at $1,657,000. Hedge funds and other institutional investors own 82.87% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) opened at 41.24 on Thursday. The stock has a market capitalization of $194.38 billion, a PE ratio of 20.78 and a beta of 1.01. The company’s 50 day moving average price is $39.65 and its 200-day moving average price is $38.88. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
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Several research analysts have commented on CMCSA shares. Argus raised their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Wunderlich raised their target price on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Pivotal Research restated a “buy” rating and issued a $48.00 target price on shares of Comcast Corporation in a research note on Tuesday, June 27th. Finally, Bank of America Corporation raised their target price on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Comcast Corporation presently has an average rating of “Buy” and an average target price of $45.69.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred 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 in the company, valued at $28,717.25. The disclosure for this sale can be found here. Corporate 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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