Boys Arnold & Co. Inc. increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 15.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,668 shares of the cable giant’s stock after acquiring an additional 1,600 shares during the quarter. Boys Arnold & Co. Inc.’s holdings in Comcast Corporation were worth $454,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC boosted its position in shares of 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 period. First Bank & Trust boosted its position in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares during the period. Zions Bancorporation boosted its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the period. Founders Capital Management acquired a new stake in shares of Comcast Corporation in the first quarter worth $113,000. Finally, Pacific Center for Financial Services boosted its position in shares of Comcast Corporation by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after buying an additional 1,788 shares during the period. Institutional investors and hedge funds own 81.89% of the company’s stock.
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In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 9,982 shares of company stock valued at $385,050 over the last quarter. 1.28% of the stock is currently owned by company insiders.
CMCSA has been the subject of several recent analyst reports. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Moffett Nathanson raised Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Jefferies Group LLC reissued a “buy” rating and set a $47.00 price objective on shares of Comcast Corporation in a research report on Friday, July 7th. Finally, KeyCorp reissued a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. Three research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $45.84.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same period last year, the business posted $0.92 EPS. Comcast Corporation’s revenue was down 1.6% on a year-over-year basis.
The company also recently announced 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 is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.74%. Comcast Corporation’s dividend payout ratio (DPR) is currently 30.36%.
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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