Waldron LP boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 191.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,885 shares of the cable giant’s stock after buying an additional 30,777 shares during the period. Waldron LP’s holdings in Comcast Corporation were worth $1,767,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. OLD Second National Bank of Aurora boosted its position in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the last quarter. Advantage Investment Management LLC purchased a new position in shares of Comcast Corporation during the fourth quarter worth $103,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Comcast Corporation during the fourth quarter worth $105,000. Orrstown Financial Services Inc. boosted its position in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares in the last quarter. Finally, CT Financial Advisors LLC boosted its position in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares in the last quarter. 82.66% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Corporation (NASDAQ CMCSA) traded up 1.26% during midday trading on Monday, hitting $41.80. The stock had a trading volume of 15,147,401 shares. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The stock has a 50 day moving average price of $40.08 and a 200-day moving average price of $37.60. The stock has a market capitalization of $198.65 billion, a price-to-earnings ratio of 22.18 and a beta of 1.04.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The company had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. Comcast Corporation’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Equities research analysts anticipate that Comcast Corporation will post $1.98 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, June 30th. Comcast Corporation’s payout ratio is 33.51%.
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CMCSA has been the topic of a number of analyst reports. Telsey Advisory Group increased their price objective on Comcast Corporation from $44.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Credit Suisse Group raised their price target on Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. Robert W. Baird reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Comcast Corporation in a research note on Friday, April 7th. Instinet reiterated a “buy” rating and set a $43.00 target price (down from $46.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Comcast Corporation currently has a consensus rating of “Buy” and a consensus price target of $43.35.
In related news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at $1,085,886. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 2,356 shares of Comcast Corporation stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $37.82, for a total value of $89,103.92. Following the transaction, the executive vice president now owns 62,988 shares of the company’s stock, valued at approximately $2,382,206.16. The disclosure for this sale can be found here. Insiders sold a total of 341,812 shares of company stock valued at $13,201,635 in the last 90 days. 1.27% of the stock is owned by corporate 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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