Horizon Investment Services LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 88.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,311 shares of the cable giant’s stock after acquiring an additional 79,826 shares during the quarter. Comcast Corporation makes up about 2.9% of Horizon Investment Services LLC’s investment portfolio, making the stock its 5th biggest position. Horizon Investment Services LLC’s holdings in Comcast Corporation were worth $6,402,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Kovitz Investment Group Partners LLC raised its holdings in Comcast Corporation by 96.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 6,244 shares of the cable giant’s stock valued at $235,000 after acquiring an additional 3,072 shares during the period. Macquarie Group Ltd. raised its holdings in Comcast Corporation by 86.8% during the first quarter. Macquarie Group Ltd. now owns 1,474,880 shares of the cable giant’s stock valued at $55,441,000 after acquiring an additional 685,370 shares during the period. Harbour Capital Advisors LLC raised its holdings in Comcast Corporation by 100.8% during the first quarter. Harbour Capital Advisors LLC now owns 30,876 shares of the cable giant’s stock valued at $1,161,000 after acquiring an additional 15,503 shares during the period. HighTower Advisors LLC raised its holdings in Comcast Corporation by 105.1% during the first quarter. HighTower Advisors LLC now owns 879,337 shares of the cable giant’s stock valued at $33,084,000 after acquiring an additional 450,528 shares during the period. Finally, CNA Financial Corp raised its holdings in Comcast Corporation by 100.0% during the first quarter. CNA Financial Corp now owns 163,200 shares of the cable giant’s stock valued at $6,135,000 after acquiring an additional 81,600 shares during the period. 82.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Corporation (NASDAQ CMCSA) traded up 0.0431% on Tuesday, hitting $37.8463. The company’s stock had a trading volume of 21,495,427 shares. The stock has a 50-day moving average price of $40.29 and a 200 day moving average price of $39.20. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The firm has a market cap of $178.38 billion, a price-to-earnings ratio of 19.0661 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data 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. The company 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 quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. Equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.67%. Comcast Corporation’s payout ratio is 31.74%.
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In other news, SVP Daniel C. Murdock sold 3,659 shares of the firm’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 completion of the sale, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is currently owned by corporate insiders.
A number of research firms have commented on CMCSA. Argus raised 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. Moffett Nathanson raised Comcast Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $45.83.
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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