Ajo LP Buys 88,625 Shares of Comcast Corporation (CMCSA)
Ajo LP grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 22.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 481,700 shares of the cable giant’s stock after acquiring an additional 88,625 shares during the period. Ajo LP’s holdings in Comcast Corporation were worth $18,748,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after purchasing an additional 1,340 shares during the period. Zions Bancorporation increased its holdings in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the period. First Bank & Trust increased its holdings in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the period. Founders Capital Management bought a new position in shares of Comcast Corporation in the first quarter worth $113,000. Finally, Pacific Center for Financial Services increased its holdings in shares of Comcast Corporation by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after purchasing an additional 1,788 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.
In other news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated 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 in the company, valued at $2,626,816.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at $35.83 on Tuesday. Comcast Corporation has a 12 month low of $33.99 and a 12 month high of $42.18. The stock has a market capitalization of $168,540.00, 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 quick ratio of 0.74 and a current ratio of 0.74.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. Comcast Corporation’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. sell-side 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. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.75%. Comcast Corporation’s dividend payout ratio is currently 29.72%.
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Several research firms have recently weighed in on CMCSA. Buckingham Research began coverage on shares of Comcast Corporation in a report on Monday. They issued an “outperform” rating on the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a report on Friday. Argus upped their price target on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a report on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Comcast Corporation in a report on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.84.
About Comcast Corporation
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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