Legacy Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,613 shares of the cable giant’s stock after buying an additional 400 shares during the period. Legacy Advisors LLC’s holdings in Comcast were worth $884,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Comcast by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after buying an additional 19,495 shares in the last quarter. Chesley Taft & Associates LLC grew its position in shares of Comcast by 4.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock worth $1,838,000 after buying an additional 1,675 shares in the last quarter. Cibc Bank USA grew its position in shares of Comcast by 23.1% during the 2nd quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock worth $1,145,000 after buying an additional 5,079 shares in the last quarter. Cypress Capital Management LLC bought a new position in shares of Comcast during the 2nd quarter worth $8,070,000. Finally, Crestline Management LP bought a new position in shares of Comcast during the 2nd quarter worth $471,000. Institutional investors own 82.75% of the company’s stock.
In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the completion of the sale, the director now directly owns 29,603 shares in the company, valued at $1,333,023.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Daniel C. Murdock sold 848 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on CMCSA shares. Macquarie started coverage on Comcast in a research report on Wednesday, June 19th. They set a “buy” rating and a $50.00 price target on the stock. Morgan Stanley increased their price target on Comcast from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Rosenblatt Securities started coverage on Comcast in a research report on Friday, June 14th. They set a “buy” rating and a $50.00 price target on the stock. Benchmark started coverage on Comcast in a research report on Wednesday, September 25th. They set a “buy” rating and a $64.00 price target on the stock. Finally, ValuEngine downgraded Comcast from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.70.
CMCSA stock traded up $0.07 during trading on Thursday, reaching $44.45. 2,459,729 shares of the company traded hands, compared to its average volume of 16,344,698. Comcast Co. has a 12 month low of $32.61 and a 12 month high of $47.27. The business has a 50 day simple moving average of $45.05 and a 200 day simple moving average of $43.13. The company has a market capitalization of $202.66 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.08 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, research analysts forecast that Comcast Co. will post 3.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, October 1st. Comcast’s payout ratio is currently 32.94%.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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