Burns J W & Co. Inc. NY increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,048 shares of the cable giant’s stock after acquiring an additional 1 shares during the period. Burns J W & Co. Inc. NY’s holdings in Comcast Corporation were worth $235,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Ledyard National Bank grew its position in Comcast Corporation by 117.7% in the 1st quarter. Ledyard National Bank now owns 8,128 shares of the cable giant’s stock worth $306,000 after purchasing an additional 4,394 shares in the last quarter. Bollard Group LLC grew its position in Comcast Corporation by 100.1% in the 1st quarter. Bollard Group LLC now owns 41,536 shares of the cable giant’s stock worth $1,561,000 after purchasing an additional 20,781 shares in the last quarter. Boys Arnold & Co. Inc. grew its position in Comcast Corporation by 138.7% in the 1st quarter. Boys Arnold & Co. Inc. now owns 10,068 shares of the cable giant’s stock worth $378,000 after purchasing an additional 5,850 shares in the last quarter. Sabal Trust CO bought a new stake in Comcast Corporation in the 1st quarter worth about $538,000. Finally, Gemmer Asset Management LLC grew its position in Comcast Corporation by 100.0% in the 1st quarter. Gemmer Asset Management LLC now owns 7,487 shares of the cable giant’s stock worth $281,000 after purchasing an additional 3,744 shares in the last quarter. Institutional investors own 82.02% of the company’s stock.
A number of research analysts have recently weighed in on CMCSA shares. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price on shares of Comcast Corporation in a research report on Friday, July 7th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research report on Sunday, July 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.83.
Comcast Corporation (NASDAQ CMCSA) traded down 1.78% during mid-day trading on Friday, hitting $36.93. 62,370,131 shares of the stock traded hands. The company has a market cap of $174.06 billion, a P/E 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 has a 12 month low of $30.02 and a 12 month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, analysts expect that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently announced 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. This represents a $0.63 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.28% of the stock is currently owned by insiders.
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Comcast Corporation 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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