Signature Estate & Investment Advisors LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,974 shares of the cable giant’s stock, valued at approximately $112,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. 3G Capital Partners LP increased its stake in Comcast Corporation by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock worth $57,864,000 after buying an additional 779,525 shares in the last quarter. Israel Discount Bank of New York GFN acquired a new stake in Comcast Corporation during the fourth quarter worth $394,000. First Citizens Bank & Trust Co. increased its stake in Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after buying an additional 74,290 shares in the last quarter. Whittier Trust Co. increased its stake in Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock worth $10,847,000 after buying an additional 145,515 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI increased its stake in Comcast Corporation by 6.9% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 346,694 shares of the cable giant’s stock worth $23,939,000 after buying an additional 22,442 shares in the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) traded up 0.23% during trading on Friday, hitting $39.52. 20,378,111 shares of the stock traded hands. 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 of $39.67 and a 200 day moving average of $38.50. The firm has a market cap of $190.05 billion, a price-to-earnings ratio of 19.91 and a beta of 1.01. Comcast Corporation also was the recipient of some unusual options trading on Wednesday. Stock investors bought 17,930 put options on the company. This represents an increase of approximately 762% compared to the typical daily volume of 2,081 put options.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Analysts expect that Comcast Corporation will post $2.00 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.59%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
A number of analysts have recently weighed in on CMCSA shares. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Wunderlich increased their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Pivotal Research reissued a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a research report on Tuesday, June 27th. Bank of America Corporation increased their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research report on Sunday, July 9th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $45.05.
In other Comcast Corporation news, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total value of $10,074,236.20. Following the sale, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $303,750.00. Following the completion of the sale, the director now owns 26,812 shares in the company, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% 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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