Usca Ria LLC Takes Position in Comcast Corporation (CMCSA)
Usca Ria LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,236 shares of the cable giant’s stock, valued at approximately $234,000.
Other large investors have also modified their holdings of the company. 3G Capital Partners LP increased its position in Comcast Corporation by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock valued at $57,864,000 after buying an additional 779,525 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new position in Comcast Corporation during the fourth quarter valued at approximately $394,000. Whittier Trust Co. increased its position in Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock valued at $10,847,000 after buying an additional 145,515 shares during the last quarter. Zurich Insurance Group Ltd FI increased its position in Comcast Corporation by 6.9% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 346,694 shares of the cable giant’s stock valued at $23,939,000 after buying an additional 22,442 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock valued at $6,416,000 after buying an additional 74,290 shares during the last quarter. Hedge funds and other institutional investors own 82.66% of the company’s stock.
Comcast Corporation (CMCSA) opened at 39.59 on Tuesday. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The firm’s 50 day moving average price is $40.19 and its 200-day moving average price is $37.73. The stock has a market cap of $187.77 billion, a price-to-earnings ratio of 21.00 and a beta of 1.04.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, April 27th. The cable giant reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The company had revenue of $20.46 billion during the quarter, compared to the consensus estimate of $20.10 billion. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 EPS. On average, equities analysts anticipate that Comcast Corporation will post $1.99 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, June 30th. Comcast Corporation’s payout ratio is currently 33.51%.
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Several research firms have commented on CMCSA. BidaskClub downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday. Moffett Nathanson downgraded Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Tuesday, June 20th. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Macquarie restated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a report on Tuesday, May 16th. Finally, Credit Suisse Group raised their price objective on Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Four research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.43.
In other news, EVP Arthur R. Block sold 2,356 shares of Comcast Corporation stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $37.82, for a total value of $89,103.92. Following the completion of the transaction, the executive vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $2,382,206.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The disclosure for this sale can be found here. Insiders sold a total of 268,236 shares of company stock valued at $10,467,090 in the last three months. Insiders own 1.27% of the company’s stock.
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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