Comcast Corporation (CMCSA) Shares Sold by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. decreased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 265,619 shares of the cable giant’s stock after selling 7,163 shares during the period. Greystone Managed Investments Inc.’s holdings in Comcast Corporation were worth $10,338,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd boosted its stake in shares of Comcast Corporation by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after buying an additional 186,920 shares during the period. Boston Partners boosted its stake in shares of Comcast Corporation by 140.7% during the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Comcast Corporation by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after buying an additional 451,551 shares during the period. Haverford Trust Co. boosted its stake in shares of Comcast Corporation by 117.5% during the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Comcast Corporation by 77.1% during the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after buying an additional 74,290 shares during the period. Institutional investors and hedge funds own 82.02% of the company’s stock.
Several equities research analysts have recently weighed in on CMCSA shares. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities started coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research note on Sunday, July 9th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 target price on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, Instinet reiterated a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.83.
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Comcast Corporation (NASDAQ CMCSA) opened at 36.93 on Friday. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The stock has a market capitalization of $174.06 billion, a PE ratio of 18.60 and a beta of 1.01. The stock’s 50 day moving average is $40.00 and its 200-day moving average is $39.17.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $21.17 billion during 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 business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. Equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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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