Investment Centers of America Inc. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 106.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,932 shares of the cable giant’s stock after buying an additional 16,465 shares during the period. Investment Centers of America Inc.’s holdings in Comcast Corporation were worth $1,203,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Oxbow Advisors LLC lifted its holdings in Comcast Corporation by 7.9% during the first quarter. Oxbow Advisors LLC now owns 5,496 shares of the cable giant’s stock worth $207,000 after acquiring an additional 403 shares during the period. Logan Capital Management Inc. lifted its holdings in Comcast Corporation by 5.9% during the first quarter. Logan Capital Management Inc. now owns 7,324 shares of the cable giant’s stock worth $275,000 after acquiring an additional 409 shares during the period. Wade G W & Inc. lifted its holdings in Comcast Corporation by 4.8% during the first quarter. Wade G W & Inc. now owns 10,718 shares of the cable giant’s stock worth $403,000 after acquiring an additional 491 shares during the period. Scout Investments Inc. lifted its holdings in Comcast Corporation by 17.3% during the first quarter. Scout Investments Inc. now owns 4,893 shares of the cable giant’s stock worth $299,000 after acquiring an additional 721 shares during the period. Finally, Independent Portfolio Consultants Inc. lifted its holdings in Comcast Corporation by 49.8% during the first quarter. Independent Portfolio Consultants Inc. now owns 3,639 shares of the cable giant’s stock worth $137,000 after acquiring an additional 1,209 shares during the period. 82.02% of the stock is currently owned by institutional investors.
Several analysts have issued reports on CMCSA shares. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities assumed coverage on Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research note on Sunday, July 9th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 price objective on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Instinet reiterated a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $45.83.
Comcast Corporation (NASDAQ:CMCSA) traded down 1.78% during midday trading on Friday, hitting $36.93. The stock had a trading volume of 62,370,131 shares. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The stock’s 50-day moving average is $40.00 and its 200-day moving average is $39.17. The company has a market capitalization of $174.06 billion, a PE ratio of 18.60 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. Equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders 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 annualized dividend and a yield of 1.71%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
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In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.28% of the company’s stock.
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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