DF Dent & Co. Inc. Has $4 Million Position in Comcast Corporation (NASDAQ:CMCSA)

DF Dent & Co. Inc. raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 78.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,406 shares of the cable giant’s stock after buying an additional 46,638 shares during the period. DF Dent & Co. Inc.’s holdings in Comcast Corporation were worth $4,000,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC increased its stake in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora increased its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the last quarter. Orrstown Financial Services Inc. increased its stake in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the last quarter. CT Financial Advisors LLC increased its stake in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock worth $109,000 after buying an additional 1,450 shares during the last quarter. Institutional investors own 82.32% of the company’s stock.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.71% during midday trading on Thursday, reaching $40.92. 3,705,998 shares of the company traded hands. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm has a market capitalization of $192.87 billion, a price-to-earnings ratio of 20.61 and a beta of 1.01. The firm’s 50 day moving average price is $39.42 and its 200 day moving average price is $38.73.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results 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 business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.

The firm 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 dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.

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CMCSA has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Credit Suisse Group upped their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price target on shares of Comcast Corporation in a research report on Friday, July 7th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Comcast Corporation in a research report on Tuesday, April 18th. They set a “buy” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast Corporation has a consensus rating of “Buy” and an average price target of $45.69.

In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at $1,085,886. The sale was disclosed in a 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 that occurred 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 transaction, 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. 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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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