Comcast Corporation (CMCSA) Holdings Boosted by Carret Asset Management LLC
Carret Asset Management LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 3.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,940 shares of the cable giant’s stock after buying an additional 7,358 shares during the quarter. Comcast makes up about 1.6% of Carret Asset Management LLC’s investment portfolio, making the stock its 14th largest position. Carret Asset Management LLC’s holdings in Comcast were worth $9,338,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in CMCSA. Clear Perspective Advisors LLC raised its position in Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. First Bank & Trust grew its stake in shares of Comcast by 84.9% during the 2nd 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. Zions Bancorporation grew its stake in shares of Comcast by 16.8% during the 1st 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. Founders Capital Management acquired a new stake in shares of Comcast during the 1st quarter worth approximately $113,000. Finally, Pacific Center for Financial Services grew its stake in shares of Comcast by 133.0% during the 1st 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. 82.50% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at $38.44 on Tuesday. Comcast Corporation has a 12-month low of $34.12 and a 12-month high of $42.18. 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 firm has a market capitalization of $177,369.61, a PE ratio of 18.83, a P/E/G ratio of 1.81 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the 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 prior year, the company posted $0.92 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. analysts forecast that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is 30.36%.
CMCSA has been the topic of several analyst reports. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a report on Monday, October 16th. Robert W. Baird reiterated a “buy” rating and set a $43.00 price target on shares of Comcast in a report on Wednesday, October 4th. Pivotal Research boosted their price objective on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. Wells Fargo & Company restated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $45.72.
In related news, Director Kenneth J. Bacon sold 2,232 shares of Comcast 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 completion of the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
Comcast 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.
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.