OLD National Bancorp IN Has $1,657,000 Position in Comcast Corp. (CMCSA)
OLD National Bancorp IN increased its stake in shares of Comcast Corp. (NASDAQ:CMCSA) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,415 shares of the cable giant’s stock after buying an additional 64 shares during the period. OLD National Bancorp IN’s holdings in Comcast Corp. were worth $1,657,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in CMCSA. Carroll Financial Associates Inc. increased its stake in shares of Comcast Corp. by 11.8% in the first quarter. Carroll Financial Associates Inc. now owns 4,543 shares of the cable giant’s stock valued at $277,000 after buying an additional 480 shares during the period. Boston Advisors LLC increased its stake in shares of Comcast Corp. by 5.5% in the first quarter. Boston Advisors LLC now owns 955,298 shares of the cable giant’s stock valued at $58,350,000 after buying an additional 49,455 shares during the period. V Wealth Management LLC purchased a new stake in shares of Comcast Corp. during the first quarter valued at about $2,032,000. Sigma Planning Corp increased its stake in shares of Comcast Corp. by 0.6% in the first quarter. Sigma Planning Corp now owns 10,927 shares of the cable giant’s stock valued at $667,000 after buying an additional 69 shares during the period. Finally, First Financial Corp IN increased its stake in shares of Comcast Corp. by 1.1% in the first quarter. First Financial Corp IN now owns 16,737 shares of the cable giant’s stock valued at $1,022,000 after buying an additional 180 shares during the period. Institutional investors own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.45% during mid-day trading on Wednesday, hitting $66.53. The stock had a trading volume of 3,313,245 shares. The firm has a market cap of $160.46 billion, a P/E ratio of 20.23 and a beta of 1.00. Comcast Corp. has a 1-year low of $52.34 and a 1-year high of $68.36. The stock has a 50 day moving average of $66.35 and a 200-day moving average of $63.59.
Comcast Corp. (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The company had revenue of $18.74 billion for the quarter, compared to analyst estimates of $19.11 billion. During the same period in the prior year, the company posted $0.84 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Analysts predict that Comcast Corp. will post $3.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a $0.275 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.66%. Comcast Corp.’s dividend payout ratio is currently 33.43%.
Several brokerages recently issued reports on CMCSA. RBC Capital Markets reiterated an “outperform” rating and issued a $72.00 target price (up from $70.00) on shares of Comcast Corp. in a research note on Thursday, July 28th. Pivotal Research reiterated a “buy” rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Pacific Crest raised their target price on shares of Comcast Corp. from $65.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Jefferies Group raised their target price on shares of Comcast Corp. from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada increased their target price on Comcast Corp. from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $71.83.
In related news, Chairman Brian L. Roberts sold 304,109 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the sale, the chairman now directly owns 630,596 shares in the company, valued at approximately $42,413,886.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 1,023 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the sale, the executive vice president now owns 47,539 shares in the company, valued at $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.
About Comcast Corp.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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