Comcast Corp. (CMCSA) Shares Bought by Seminole Management Co. Inc.
Seminole Management Co. Inc. boosted its position in shares of Comcast Corp. (NASDAQ:CMCSA) by 186.1% during the second quarter, Holdings Channel reports. The fund owned 114,450 shares of the cable giant’s stock after buying an additional 74,450 shares during the period. Seminole Management Co. Inc.’s holdings in Comcast Corp. were worth $7,461,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakworth Capital Inc. boosted its position in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock worth $107,000 after buying an additional 326 shares in the last quarter. Cribstone Capital Management LLC bought a new position in shares of Comcast Corp. during the second quarter worth approximately $115,000. CWM LLC boosted its position in shares of Comcast Corp. by 25.1% in the second quarter. CWM LLC now owns 2,051 shares of the cable giant’s stock worth $134,000 after buying an additional 411 shares in the last quarter. City Holding Co. boosted its position in shares of Comcast Corp. by 6.0% in the second quarter. City Holding Co. now owns 2,169 shares of the cable giant’s stock worth $141,000 after buying an additional 122 shares in the last quarter. Finally, Kanaly Trust Co boosted its position in shares of Comcast Corp. by 4.0% in the second quarter. Kanaly Trust Co now owns 2,369 shares of the cable giant’s stock worth $154,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 82.22% of the company’s stock.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.14% during midday trading on Friday, reaching $66.34. The company’s stock had a trading volume of 10,567,846 shares. The stock has a market capitalization of $160.00 billion, a price-to-earnings ratio of 20.17 and a beta of 1.00. Comcast Corp. has a 52-week low of $52.34 and a 52-week high of $68.36. The firm has a 50-day moving average price of $66.23 and a 200 day moving average price of $63.97.
Comcast Corp. (NASDAQ:CMCSA) last posted its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $19.11 billion. Comcast Corp. had a net margin of 10.70% and a return on equity of 15.04%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. Equities research 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. Investors of record on Wednesday, October 5th will be given a $0.275 dividend. The ex-dividend date is Monday, October 3rd. This represents a $1.10 annualized dividend and a yield of 1.66%. Comcast Corp.’s dividend payout ratio is currently 33.43%.
CMCSA has been the topic of a number of recent research reports. Jefferies Group boosted their price objective on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Pivotal Research restated a “buy” rating on shares of Comcast Corp. in a research note on Thursday, July 28th. Wells Fargo & Co. restated a “buy” rating on shares of Comcast Corp. in a research note on Monday, July 18th. Oppenheimer Holdings Inc. restated a “buy” rating and set a $70.00 price objective on shares of Comcast Corp. in a research note on Monday, July 11th. Finally, Nomura reiterated a “buy” rating on shares of Comcast Corp. in a research note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.00.
In other Comcast Corp. news, Chairman Brian L. Roberts sold 304,109 shares of Comcast Corp. stock in a transaction on Friday, July 29th. The shares were sold at an average price of $67.26, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil Smit sold 15,121 shares of Comcast Corp. stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $65.68, for a total transaction of $993,147.28. Following the completion of the sale, the executive vice president now owns 66,289 shares in the company, valued at $4,353,861.52. The disclosure for this sale can be found here. 1.27% of the stock is currently owned by corporate 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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