Rothschild Capital Partners LLC lowered its stake in Comcast Corporation (NASDAQ:CMCSA) by 19.8% during the second quarter, Holdings Channel reports. The firm owned 111,758 shares of the cable giant’s stock after selling 27,668 shares during the period. Comcast Corporation comprises approximately 2.0% of Rothschild Capital Partners LLC’s holdings, making the stock its 21st largest position. Rothschild Capital Partners LLC’s holdings in Comcast Corporation were worth $4,350,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Burns J W & Co. Inc. NY raised its stake in Comcast Corporation by 100.0% in the first quarter. Burns J W & Co. Inc. NY now owns 6,047 shares of the cable giant’s stock valued at $227,000 after buying an additional 3,023 shares during the last quarter. Rathbone Brothers plc raised its stake in Comcast Corporation by 99.7% in the first quarter. Rathbone Brothers plc now owns 29,254 shares of the cable giant’s stock valued at $1,100,000 after buying an additional 14,607 shares during the last quarter. Atlas Brown Inc. raised its stake in Comcast Corporation by 92.9% in the first quarter. Atlas Brown Inc. now owns 18,623 shares of the cable giant’s stock valued at $700,000 after buying an additional 8,967 shares during the last quarter. Watch Point Trust Co raised its stake in Comcast Corporation by 106.0% in the first quarter. Watch Point Trust Co now owns 72,207 shares of the cable giant’s stock valued at $2,714,000 after buying an additional 37,160 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in Comcast Corporation by 91.9% in the first quarter. CENTRAL TRUST Co now owns 168,877 shares of the cable giant’s stock valued at $6,348,000 after buying an additional 80,857 shares during the last quarter. 82.87% of the stock is currently owned by institutional investors and hedge funds.
Comcast Corporation (CMCSA) traded up 0.60% during trading on Friday, hitting $40.51. The stock had a trading volume of 11,554,151 shares. The company has a market cap of $190.94 billion, a P/E ratio of 20.41 and a beta of 1.01. The firm has a 50 day moving average of $39.66 and a 200-day moving average of $38.89. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ 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 company had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter in the previous year, the business earned $0.83 earnings per share. The company’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 firm also recently announced 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 of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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Several analysts recently weighed in on CMCSA shares. Argus increased their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Wunderlich increased their price target on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Pivotal Research restated a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a report on Tuesday, June 27th. Finally, Bank of America Corporation increased their price target on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, June 30th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and a consensus target price of $45.69.
In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction 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 sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
Comcast Corporation Company 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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