New England Private Wealth Advisors LLC Invests $205,000 in Comcast Corporation (CMCSA)
New England Private Wealth Advisors LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,250 shares of the cable giant’s stock, valued at approximately $205,000.
A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its position in Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after acquiring an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Comcast Corporation by 56.9% during the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after acquiring an additional 12,625,830 shares during the last quarter. Finally, Egerton Capital UK LLP raised its stake in shares of Comcast Corporation by 87.3% during the first quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock valued at $806,811,000 after acquiring an additional 10,003,433 shares during the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.
In other news, 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 value of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, 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.
A number of equities research analysts have recently commented on the stock. Nomura cut their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a research report on Wednesday, October 18th. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Finally, Argus increased their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.84.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $36.16 on Monday. The company has a market cap of $169,000.00, a PE ratio of 17.94, a PEG ratio of 1.91 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 12-month low of $33.97 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same period last year, the business earned $0.92 earnings per share. Comcast Corporation’s revenue was down 1.6% compared to the same quarter last year. sell-side analysts anticipate that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is presently 29.72%.
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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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