Mitchell Mcleod Pugh & Williams Inc. Continues to Hold Position in Comcast Corporation (CMCSA)
Mitchell Mcleod Pugh & Williams Inc. maintained its stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, Holdings Channel reports. The firm owned 35,069 shares of the cable giant’s stock at the end of the second quarter. Comcast Corporation accounts for 1.0% of Mitchell Mcleod Pugh & Williams Inc.’s portfolio, making the stock its 26th largest position. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Comcast Corporation were worth $1,365,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp raised its stake in shares of Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC raised its stake in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares during the period. Institutional investors and hedge funds own 82.32% of the company’s stock.
Shares of Comcast Corporation (CMCSA) traded up 0.701% on Thursday, reaching $40.915. 8,339,890 shares of the company’s stock traded hands. The firm has a market capitalization of $192.85 billion, a P/E ratio of 20.612 and a beta of 1.01. The company’s 50-day moving average is $39.42 and its 200-day moving average is $38.73. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. Equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.
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A number of analysts recently issued reports on CMCSA shares. Morgan Stanley restated an “overweight” rating and set a $44.00 target price (up previously from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Credit Suisse Group lifted their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price target on shares of Comcast Corporation in a report on Friday, July 7th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Comcast Corporation in a report on Tuesday, April 18th. They issued a “buy” rating and a $45.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $45.69.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction on 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 owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
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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