Forward Management LLC lessened its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,644 shares of the cable giant’s stock after selling 938 shares during the quarter. Forward Management LLC’s holdings in Comcast Corporation were worth $2,438,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in CMCSA. United States Steel & Carnegie Pension Fund lifted its position in shares of Comcast Corporation by 100.0% during the first quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock worth $42,334,000 after purchasing an additional 563,108 shares in the last quarter. Waldron LP lifted its position in shares of Comcast Corporation by 191.1% during the first quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock worth $1,767,000 after purchasing an additional 30,777 shares in the last quarter. Welch & Forbes LLC lifted its position in shares of Comcast Corporation by 104.2% during the first quarter. Welch & Forbes LLC now owns 637,096 shares of the cable giant’s stock worth $23,949,000 after purchasing an additional 325,106 shares in the last quarter. NJ State Employees Deferred Compensation Plan lifted its position in shares of Comcast Corporation by 100.0% during the first quarter. NJ State Employees Deferred Compensation Plan now owns 150,000 shares of the cable giant’s stock worth $5,639,000 after purchasing an additional 75,000 shares in the last quarter. Finally, WealthTrust Axiom LLC lifted its position in shares of Comcast Corporation by 100.2% during the first quarter. WealthTrust Axiom LLC now owns 23,523 shares of the cable giant’s stock worth $884,000 after purchasing an additional 11,773 shares in the last quarter. 81.93% of the stock is owned by institutional investors.
Several analysts have recently issued reports on CMCSA shares. Bank of America Corporation increased their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, June 30th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a report on Sunday, July 9th. Three 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 price target of $45.83.
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Comcast Corporation (NASDAQ:CMCSA) opened at 37.42 on Thursday. The stock has a market capitalization of $176.37 billion, a price-to-earnings ratio of 18.85 and a beta of 0.98. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company has a 50-day moving average of $38.66 and a 200-day moving average of $39.25.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS 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 the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Equities research analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently disclosed 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. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.68%. Comcast Corporation’s payout ratio is currently 31.74%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The stock was 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 directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is owned by company 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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