Janney Capital Management LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,217 shares of the cable giant’s stock, valued at approximately $203,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after purchasing an additional 48,147,456 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after purchasing an additional 29,199,805 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Comcast Corporation by 103.1% in the 1st quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after purchasing an additional 28,597,277 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in shares of Comcast Corporation by 102.5% in the 1st quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock valued at $953,459,000 after purchasing an additional 12,839,117 shares during the period. Hedge funds and other institutional investors own 81.93% of the company’s stock.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $144,932.99. Following the sale, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
A number of equities analysts have recently weighed in on the company. Argus upped their target price on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a report on Sunday. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company reiterated an “outperform” rating and issued a $44.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and a consensus target price of $45.83.
Shares of Comcast Corporation (CMCSA) opened at 37.30 on Wednesday. The company has a market cap of $175.81 billion, a PE ratio of 18.79 and a beta of 1.01. The firm’s 50-day moving average price is $39.84 and its 200-day moving average price is $39.19. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Equities analysts predict that Comcast Corporation will post $2.04 EPS 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 paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.69%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
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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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