Fiduciary Trust Co. increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 14.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,088 shares of the cable giant’s stock after purchasing an additional 42,437 shares during the period. Fiduciary Trust Co.’s holdings in Comcast Corporation were worth $12,847,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of CMCSA. Connecticut Wealth Management LLC lifted its position in Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares during the last quarter. Financial Consulate Inc. lifted its position in Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the last quarter. Peoples Bank OH lifted its position in Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the last quarter. Sabal Trust CO lifted its position in Comcast Corporation by 0.6% in the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after acquiring an additional 79 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. lifted its position in Comcast Corporation by 0.9% in the second quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) opened at $36.86 on Wednesday. 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 has a 1 year low of $33.28 and a 1 year high of $42.18. The firm has a market cap of $174,097.97, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the 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 company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities analysts anticipate that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.70%. Comcast Corporation’s payout ratio is currently 30.36%.
A number of equities research analysts recently weighed in on the stock. Moffett Nathanson reissued a “buy” rating on shares of Comcast Corporation in a research report on Monday, October 16th. OTR Global cut shares of Comcast Corporation to a “positive” rating in a research report on Monday, October 30th. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Wells Fargo & Company reissued a “buy” rating and issued a $49.00 price target on shares of Comcast Corporation in a research report on Monday, October 23rd. Finally, Nomura reduced their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. 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 currently has a consensus rating of “Buy” and an average price target of $45.84.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the company’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 transaction, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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