Private Advisor Group LLC Has $6.64 Million Holdings in Comcast Corporation (CMCSA)
Private Advisor Group LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 171,184 shares of the cable giant’s stock after buying an additional 5,363 shares during the quarter. Private Advisor Group LLC’s holdings in Comcast Corporation were worth $6,635,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Engineers Gate Manager LP increased its position in Comcast Corporation by 1,317.3% during the second quarter. Engineers Gate Manager LP now owns 120,469 shares of the cable giant’s stock worth $4,689,000 after buying an additional 111,969 shares during the last quarter. Rathbone Brothers plc increased its position in Comcast Corporation by 2.5% during the second quarter. Rathbone Brothers plc now owns 29,980 shares of the cable giant’s stock worth $1,167,000 after buying an additional 726 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in shares of Comcast Corporation by 13.1% in the second quarter. Exencial Wealth Advisors LLC now owns 9,844 shares of the cable giant’s stock valued at $383,000 after purchasing an additional 1,142 shares during the last quarter. Mcdonald Capital Investors Inc. CA grew its position in shares of Comcast Corporation by 0.6% in the second quarter. Mcdonald Capital Investors Inc. CA now owns 2,337,396 shares of the cable giant’s stock valued at $90,971,000 after purchasing an additional 14,840 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in shares of Comcast Corporation by 32.6% in the second quarter. IFM Investors Pty Ltd now owns 129,331 shares of the cable giant’s stock valued at $5,034,000 after purchasing an additional 31,767 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were 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 owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction 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 approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
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Comcast Corporation (NASDAQ:CMCSA) opened at $37.07 on Friday. Comcast Corporation has a one year low of $33.40 and a one year high of $42.18. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market cap of $173,770.81, a P/E ratio of 18.45, a PEG ratio of 1.93 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Comcast Corporation’s quarterly revenue was down 1.6% compared to the same quarter last year. sell-side analysts forecast 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. Stockholders of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is currently 30.36%.
CMCSA has been the topic of several research analyst reports. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Argus raised their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research report on Friday, September 1st. Finally, ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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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