Boyar Asset Management Inc. Sells 1,810 Shares of Comcast Corporation (CMCSA)
Boyar Asset Management Inc. lowered its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,985 shares of the cable giant’s stock after selling 1,810 shares during the period. Comcast Corporation makes up about 2.9% of Boyar Asset Management Inc.’s holdings, making the stock its 10th biggest position. Boyar Asset Management Inc.’s holdings in Comcast Corporation were worth $4,008,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Comerica Bank boosted its holdings in Comcast Corporation by 97.8% in the first quarter. Comerica Bank now owns 1,466,623 shares of the cable giant’s stock worth $58,064,000 after acquiring an additional 725,198 shares in the last quarter. Nelson Roberts Investment Advisors LLC boosted its holdings in Comcast Corporation by 100.0% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 7,870 shares of the cable giant’s stock worth $296,000 after acquiring an additional 3,935 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Comcast Corporation by 114.2% in the first quarter. Trust Co. of Vermont now owns 98,312 shares of the cable giant’s stock worth $3,696,000 after acquiring an additional 52,410 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Comcast Corporation by 109.3% in the first quarter. Xact Kapitalforvaltning AB now owns 777,902 shares of the cable giant’s stock worth $29,241,000 after acquiring an additional 406,318 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in Comcast Corporation by 100.0% in the first quarter. Handelsbanken Fonder AB now owns 570,400 shares of the cable giant’s stock worth $21,441,000 after acquiring an additional 285,200 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 completion of the sale, 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. Company insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $36.85 on Monday. The company has a market capitalization of $172,228.45, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.91 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $32.30 and a fifty-two week high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts anticipate that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is currently 30.36%.
Several research analysts have issued reports on CMCSA shares. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a report on Sunday, September 17th. Pivotal Research increased their price target on Comcast Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price target on shares of Comcast Corporation in a report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.84.
Comcast Corporation 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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