Comcast Corporation (CMCSA) Shares Bought by J.P. Marvel Investment Advisors LLC
J.P. Marvel Investment Advisors LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 89.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,240 shares of the cable giant’s stock after buying an additional 58,823 shares during the period. Comcast Corporation accounts for about 1.5% of J.P. Marvel Investment Advisors LLC’s investment portfolio, making the stock its 27th largest position. J.P. Marvel Investment Advisors LLC’s holdings in Comcast Corporation were worth $4,670,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its position 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 valued at $7,499,933,000 after buying an additional 98,570,377 shares during the period. Ameriprise Financial Inc. raised its position in 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 last quarter. Bank of New York Mellon Corp raised its position in 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 last quarter. First Eagle Investment Management LLC raised its position in Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in 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 last quarter. 82.87% of the stock is owned by institutional investors.
Comcast Corporation (NASDAQ CMCSA) traded up 1.24% during mid-day trading on Monday, reaching $41.62. The company’s stock had a trading volume of 4,015,626 shares. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The stock has a market cap of $196.17 billion, a P/E ratio of 20.97 and a beta of 1.01. The firm’s 50 day moving average is $39.47 and its 200-day moving average is $38.77.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Equities analysts expect 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. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
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A number of equities analysts have recently commented on the company. Argus raised their price target on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Instinet reaffirmed a “buy” rating and issued a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price target (up from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Finally, Bank of America Corporation raised their price target on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Comcast Corporation currently has a consensus rating of “Buy” and an average price target of $45.69.
In other news, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Company insiders own 1.28% 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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