Comcast Corporation (CMCSA) Shares Bought by Capital Investment Advisors LLC
Capital Investment Advisors LLC grew its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,679 shares of the cable giant’s stock after purchasing an additional 2,286 shares during the quarter. Capital Investment Advisors LLC’s holdings in Comcast Corporation were worth $610,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in CMCSA. United States Steel & Carnegie Pension Fund grew its stake in shares of Comcast Corporation by 100.0% during the 1st quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock worth $42,334,000 after acquiring an additional 563,108 shares during the period. Douglas Lane & Associates LLC grew its stake in shares of Comcast Corporation by 95.6% during the 1st quarter. Douglas Lane & Associates LLC now owns 585,270 shares of the cable giant’s stock worth $22,000,000 after acquiring an additional 286,092 shares during the period. Cape Cod Five Cents Savings Bank grew its stake in shares of Comcast Corporation by 104.1% during the 1st quarter. Cape Cod Five Cents Savings Bank now owns 39,108 shares of the cable giant’s stock worth $1,470,000 after acquiring an additional 19,944 shares during the period. Nippon Life Insurance Co. grew its stake in shares of Comcast Corporation by 77.5% during the 1st quarter. Nippon Life Insurance Co. now owns 166,853 shares of the cable giant’s stock worth $6,272,000 after acquiring an additional 72,871 shares during the period. Finally, Wagner Bowman Management Corp grew its stake in shares of Comcast Corporation by 120.9% during the 1st quarter. Wagner Bowman Management Corp now owns 21,830 shares of the cable giant’s stock worth $820,000 after acquiring an additional 11,946 shares during the period. 81.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (CMCSA) traded up 0.75% during midday trading on Wednesday, hitting $37.58. The stock had a trading volume of 13,344,394 shares. The company has a market cap of $177.13 billion, a PE ratio of 18.93 and a beta of 1.01. The company’s 50 day moving average is $39.84 and its 200 day moving average is $39.19. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.
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 the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently declared 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 1.69%. Comcast Corporation’s payout ratio is 31.74%.
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Several research analysts have recently weighed in on the company. Moffett Nathanson downgraded Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Tuesday, June 20th. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast Corporation in a research note on Friday, September 1st. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Finally, Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $45.83.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. 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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