Neville Rodie & Shaw Inc. Has $680,000 Position in Comcast Corporation (CMCSA)
Neville Rodie & Shaw Inc. continued to hold its position in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,468 shares of the cable giant’s stock at the end of the second quarter. Neville Rodie & Shaw Inc.’s holdings in Comcast Corporation were worth $680,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Comcast Corporation by 100.0% during the 1st 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. Zions Bancorporation raised its stake in shares of Comcast Corporation by 16.8% during the 1st 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. Signature Estate & Investment Advisors LLC acquired a new position in shares of Comcast Corporation during the 1st quarter worth $112,000. Founders Capital Management acquired a new position in shares of Comcast Corporation during the 1st quarter worth $113,000. Finally, Pacific Center for Financial Services raised its stake in shares of Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after buying an additional 1,788 shares during the last quarter. 82.02% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the 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 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 can be accessed through this hyperlink. 1.28% of the stock is currently owned by corporate insiders.
Several research analysts have recently issued reports on the company. Instinet reaffirmed a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. ValuEngine raised Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities assumed coverage on Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 price target for the company. Finally, BidaskClub downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $45.83.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 1.78% during mid-day trading on Friday, hitting $36.93. The stock had a trading volume of 62,370,131 shares. The firm has a market cap of $174.06 billion, a price-to-earnings ratio of 18.60 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a 50-day moving average of $40.00 and a 200 day moving average of $39.17.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. On average, equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently disclosed 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. This represents a $0.63 annualized dividend and a yield of 1.71%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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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