Comcast Corporation (NASDAQ:CMCSA) Shares Bought by Arcus Capital Partners LLC
Arcus Capital Partners LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 100.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,882 shares of the cable giant’s stock after buying an additional 2,941 shares during the period. Arcus Capital Partners LLC’s holdings in Comcast Corporation were worth $221,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M Holdings Securities Inc. raised its position in Comcast Corporation by 5.6% in the fourth quarter. M Holdings Securities Inc. now owns 4,750 shares of the cable giant’s stock valued at $328,000 after buying an additional 254 shares during the period. Pegasus Partners Ltd. raised its position in Comcast Corporation by 1.9% in the fourth quarter. Pegasus Partners Ltd. now owns 14,568 shares of the cable giant’s stock valued at $1,006,000 after buying an additional 265 shares during the period. Highbridge Capital Management LLC raised its position in Comcast Corporation by 2.6% in the fourth quarter. Highbridge Capital Management LLC now owns 10,975 shares of the cable giant’s stock valued at $758,000 after buying an additional 279 shares during the period. Whalerock Point Partners LLC raised its position in Comcast Corporation by 1.7% in the fourth quarter. Whalerock Point Partners LLC now owns 18,305 shares of the cable giant’s stock valued at $1,264,000 after buying an additional 300 shares during the period. Finally, Oxbow Advisors LLC raised its position in Comcast Corporation by 7.9% in the first quarter. Oxbow Advisors LLC now owns 5,496 shares of the cable giant’s stock valued at $207,000 after buying an additional 403 shares during the period. 82.48% of the stock is currently owned by institutional investors.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 39.60 on Friday. The stock has a market capitalization of $186.65 billion, a P/E ratio of 19.95 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The firm’s 50-day moving average price is $39.64 and its 200-day moving average price is $38.61.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period last year, the firm earned $0.83 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.59%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.
Several research firms have commented on CMCSA. Instinet reaffirmed a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a research report on Wednesday, June 28th. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $42.00 to $46.00 in a research report on Thursday. Argus boosted their target price on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 target price (up previously from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Royal Bank Of Canada boosted their target price on Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $45.69.
In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of Comcast Corporation stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the transaction, the executive vice president now owns 980,498 shares in the company, valued at $38,229,617.02. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
About Comcast Corporation
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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