River Road Asset Management LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA) by 30.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,457 shares of the cable giant’s stock after selling 81,501 shares during the quarter. River Road Asset Management LLC’s holdings in Comcast Corporation were worth $7,374,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares in the last quarter. First Bank & Trust raised its stake in shares of Comcast Corporation by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Zions Bancorporation raised its stake in shares of Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Founders Capital Management bought a new stake in shares of Comcast Corporation during the first quarter valued at about $113,000. Finally, Pacific Center for Financial Services raised its stake in shares of Comcast Corporation by 133.0% during the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after purchasing an additional 1,788 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on CMCSA. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research report on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Finally, Argus boosted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.84.
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Shares of Comcast Corporation (CMCSA) opened at $37.25 on Tuesday. The company has a market capitalization of $172,228.45, a P/E ratio of 18.29, a P/E/G ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 12 month low of $33.09 and a 12 month high of $42.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. research analysts expect that Comcast Corporation will post 2.06 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.69%. Comcast Corporation’s payout ratio is 30.36%.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was 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 of the company’s stock, valued at $916,096.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
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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