Charter Trust Co. grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 43.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,374 shares of the cable giant’s stock after purchasing an additional 16,461 shares during the quarter. Charter Trust Co.’s holdings in Comcast Corporation were worth $2,116,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in CMCSA. Huntington National Bank raised its holdings in shares of Comcast Corporation by 105.3% during the first quarter. Huntington National Bank now owns 1,163,369 shares of the cable giant’s stock valued at $43,732,000 after acquiring an additional 596,598 shares in the last quarter. Rothschild Investment Corp IL raised its holdings in Comcast Corporation by 99.9% in the first quarter. Rothschild Investment Corp IL now owns 21,844 shares of the cable giant’s stock worth $821,000 after purchasing an additional 10,915 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Comcast Corporation in the first quarter worth $567,000. Hexavest Inc. raised its holdings in Comcast Corporation by 110.2% in the first quarter. Hexavest Inc. now owns 981,796 shares of the cable giant’s stock worth $36,906,000 after purchasing an additional 514,747 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its holdings in Comcast Corporation by 91.5% in the first quarter. TRUE Private Wealth Advisors now owns 31,120 shares of the cable giant’s stock worth $1,183,000 after purchasing an additional 14,867 shares in the last quarter. 81.93% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have issued reports on CMCSA. Instinet reiterated a “buy” rating and issued a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities began coverage on Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price objective for the company. Finally, BidaskClub downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast Corporation currently has an average rating of “Buy” and an average target price of $45.83.
In related news, 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 of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.28% of the stock is currently owned by company insiders.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.311% during mid-day trading on Monday, reaching $37.045. The company’s stock had a trading volume of 11,604,962 shares. The firm’s 50 day moving average is $40.00 and its 200-day moving average is $39.17. The company has a market cap of $174.61 billion, a PE ratio of 18.662 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the 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 firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors 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 annualized dividend and a dividend yield of 1.71%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
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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