Modera Wealth Management LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,617 shares of the cable giant’s stock after acquiring an additional 169 shares during the quarter. Modera Wealth Management LLC’s holdings in Comcast Corporation were worth $452,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. TCI Wealth Advisors Inc. grew its position in Comcast Corporation by 98.3% during the first quarter. TCI Wealth Advisors Inc. now owns 30,928 shares of the cable giant’s stock worth $1,163,000 after buying an additional 15,333 shares during the period. Kistler Tiffany Companies LLC grew its position in Comcast Corporation by 99.9% during the first quarter. Kistler Tiffany Companies LLC now owns 9,770 shares of the cable giant’s stock worth $367,000 after buying an additional 4,883 shares during the period. Gamco Investors INC. ET AL grew its position in Comcast Corporation by 98.8% during the first quarter. Gamco Investors INC. ET AL now owns 1,725,122 shares of the cable giant’s stock worth $64,847,000 after buying an additional 857,394 shares during the period. Gabelli Funds LLC grew its position in Comcast Corporation by 111.0% during the first quarter. Gabelli Funds LLC now owns 1,810,200 shares of the cable giant’s stock worth $68,045,000 after buying an additional 952,100 shares during the period. Finally, RNC Capital Management LLC grew its position in Comcast Corporation by 85.4% during the first quarter. RNC Capital Management LLC now owns 7,454 shares of the cable giant’s stock worth $280,000 after buying an additional 3,434 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
Several research analysts have weighed in on CMCSA shares. Argus upped their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. Moffett Nathanson raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $45.84.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
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Shares of Comcast Corporation (CMCSA) opened at $36.16 on Friday. The firm has a market cap of $173,260.00, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.91 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $33.97 and a fifty-two week high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. equities analysts anticipate 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 issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s payout ratio is 29.72%.
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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