Curbstone Financial Management Corp Acquires 400 Shares of Comcast Corporation (CMCSA)
Curbstone Financial Management Corp raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,152 shares of the cable giant’s stock after acquiring an additional 400 shares during the quarter. Curbstone Financial Management Corp’s holdings in Comcast Corporation were worth $551,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised its holdings in 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 purchasing an additional 1,340 shares during the period. Zions Bancorporation raised its holdings in 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 purchasing an additional 410 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Comcast Corporation in the first quarter worth $112,000. Founders Capital Management acquired a new stake in Comcast Corporation in the first quarter worth $113,000. Finally, Pacific Center for Financial Services raised its holdings in Comcast Corporation by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after purchasing an additional 1,788 shares during the period. 82.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (CMCSA) traded down 1.316% during midday trading on Friday, reaching $37.105. 25,256,981 shares of the company’s stock traded hands. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The firm has a market cap of $174.89 billion, a PE ratio of 18.693 and a beta of 1.01. The company has a 50 day moving average of $40.07 and a 200 day moving average of $39.17.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. On average, equities analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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In other news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.28% of the company’s stock.
Several equities research analysts have weighed in on the stock. Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday. They noted that the move was a valuation call. ValuEngine lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Argus increased their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Comcast Corporation presently has a consensus rating of “Buy” and a consensus target price of $45.83.
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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