Comcast Corporation (CMCSA) Stake Lessened by Harel Insurance Investments & Financial Services Ltd.
Harel Insurance Investments & Financial Services Ltd. decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 14.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,600 shares of the cable giant’s stock after selling 2,020 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Comcast Corporation were worth $451,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. WINTON GROUP Ltd lifted its holdings in shares of Comcast Corporation by 573.3% in 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 in the last quarter. Boston Partners grew its position in Comcast Corporation by 140.7% during the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after acquiring an additional 9,739,468 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Comcast Corporation by 100.9% during the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after acquiring an additional 451,551 shares during the last quarter. Tower Bridge Advisors grew its position in Comcast Corporation by 10.1% during the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after acquiring an additional 13,003 shares during the last quarter. Finally, Haverford Trust Co. grew its position in Comcast Corporation by 117.5% during the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock valued at $124,114,000 after acquiring an additional 1,783,436 shares during the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 35.95 on Friday. The company has a market cap of $169.45 billion, a P/E ratio of 18.11 and a beta of 0.98. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The company’s 50-day moving average price is $38.52 and its 200-day moving average price is $39.22.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the firm posted $0.83 EPS. Comcast Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.75%. Comcast Corporation’s payout ratio is 31.74%.
A number of research analysts have commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast Corporation in a research report on Wednesday, October 4th. Argus lifted their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Instinet reiterated 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 reissued an “outperform” rating and set a $44.00 price objective on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, Bank of America Corporation boosted their price target on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and a consensus target price of $45.83.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the business’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 completion of the transaction, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’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 directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock valued at $385,050 over the last three months. 1.28% of the stock is currently owned by insiders.
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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