Wharton Business Group LLC Has $312,000 Position in Comcast Corporation (CMCSA)
Wharton Business Group LLC boosted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 46.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,022 shares of the cable giant’s stock after purchasing an additional 2,526 shares during the period. Wharton Business Group LLC’s holdings in Comcast Corporation were worth $312,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of CMCSA. Patriot Financial Group Insurance Agency LLC boosted its holdings in 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 valued at $100,000 after purchasing an additional 1,340 shares during the last quarter. Zions Bancorporation boosted its holdings in Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the last quarter. First Bank & Trust boosted its holdings in Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares during the last quarter. Founders Capital Management purchased a new position in Comcast Corporation in the first quarter valued at about $113,000. Finally, Pacific Center for Financial Services raised its stake in Comcast Corporation by 133.0% during the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after buying an additional 1,788 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.
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In other news, 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 transaction 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 approximately $916,096.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at $36.42 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $167,461.22, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 1.89 and a beta of 1.00. Comcast Corporation has a one year low of $34.01 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly 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. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. equities research analysts predict that Comcast Corporation will post 2.06 earnings per share for the current year.
The company also recently declared 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 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s payout ratio is currently 30.36%.
Several brokerages have issued reports on CMCSA. Buckingham Research began coverage on Comcast Corporation in a research note on Monday. They set a “buy” rating and a $48.00 price objective on the stock. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, November 17th. OTR Global cut Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Nomura cut their price objective on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Barclays PLC cut their price objective on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.93.
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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