DORCHESTER WEALTH MANAGEMENT Co Has $2,645,000 Stake in Comcast Corporation (CMCSA)
DORCHESTER WEALTH MANAGEMENT Co continued to hold its position in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, Holdings Channel reports. The fund owned 67,960 shares of the cable giant’s stock at the end of the second quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comcast Corporation were worth $2,645,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC increased its position in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora increased its position in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock worth $101,000 after buying an additional 973 shares during the last quarter. Zions Bancorporation increased its position in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Orrstown Financial Services Inc. increased its position in shares of Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock worth $108,000 after buying an additional 1,757 shares during the last quarter. Finally, CT Financial Advisors LLC increased its position in shares of Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock worth $109,000 after buying an additional 1,512 shares during the last quarter. 82.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 0.93% during mid-day trading on Friday, reaching $41.11. The company’s stock had a trading volume of 16,735,288 shares. The firm has a market cap of $193.77 billion, a P/E ratio of 20.71 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The firm’s 50-day moving average price is $39.47 and its 200 day moving average price is $38.77.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
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A number of brokerages have recently issued reports on CMCSA. Royal Bank Of Canada upped their price target on Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 1st. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Instinet reaffirmed a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Credit Suisse Group upped their price target on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction dated Monday, August 7th. The stock was 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 document filed with the SEC, which is available through the SEC website. 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 value 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 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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