Private Wealth Advisors Inc. Increases Holdings in Comcast Corporation (CMCSA)
Private Wealth Advisors Inc. raised its position in Comcast Corporation (NASDAQ:CMCSA) by 0.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 25,769 shares of the cable giant’s stock after purchasing an additional 1 shares during the period. Private Wealth Advisors Inc.’s holdings in Comcast Corporation were worth $1,003,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Connecticut Wealth Management LLC lifted its holdings in Comcast Corporation by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. increased its stake in shares of Comcast Corporation by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after acquiring an additional 30 shares during the last quarter. Peoples Bank OH increased its stake in shares of Comcast Corporation by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after acquiring an additional 59 shares during the last quarter. Sabal Trust CO increased its stake in shares of Comcast Corporation by 0.6% in the 2nd quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock worth $559,000 after acquiring an additional 79 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. increased its stake in shares of Comcast Corporation by 0.9% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock worth $358,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) opened at $36.16 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $173,260.00, a PE ratio of 18.29, a PEG ratio of 1.91 and a beta of 1.00. Comcast Corporation has a 52 week low of $33.97 and a 52 week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. sell-side analysts expect that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s payout ratio is presently 29.72%.
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A number of analysts have issued reports on CMCSA shares. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Moffett Nathanson raised Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Pivotal Research raised their target price on Comcast Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Finally, Barclays PLC cut their target price on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Comcast Corporation currently has an average rating of “Buy” and an average price target of $45.84.
In related news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was 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 owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Company 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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