D.A. Davidson & CO. Decreases Position in Comcast Corporation (CMCSA)
D.A. Davidson & CO. trimmed its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 332,886 shares of the cable giant’s stock after selling 4,314 shares during the period. D.A. Davidson & CO.’s holdings in Comcast were worth $12,955,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Biegel & Waller LLC bought a new position in Comcast during the 2nd quarter worth approximately $432,000. Penobscot Investment Management Company Inc. grew its position in Comcast by 3.0% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock worth $3,829,000 after acquiring an additional 2,828 shares during the last quarter. WINTON GROUP Ltd grew its position in Comcast by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after acquiring an additional 186,920 shares during the last quarter. Artisan Partners Limited Partnership grew its position in Comcast by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after acquiring an additional 451,551 shares during the last quarter. Finally, Tower Bridge Advisors grew its position in Comcast by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after acquiring an additional 13,003 shares during the last quarter. 82.51% of the stock is currently owned by institutional investors.
CMCSA has been the topic of several recent research reports. UBS restated an “overweight” rating on shares of Comcast in a research report on Thursday, August 24th. Barclays cut their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Comcast in a research report on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Finally, ValuEngine lowered Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $45.93.
In other Comcast news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction 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 transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction 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 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. Insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $38.43 on Friday. 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 has a 1 year low of $34.03 and a 1 year high of $42.18. The firm has a market capitalization of $175,453.38, a P/E ratio of 18.63, a P/E/G ratio of 1.79 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. research analysts predict that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.63%. Comcast’s dividend payout ratio is presently 30.36%.
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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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