Comcast Corporation (CMCSA) Shares Bought by Commerce Bank
Commerce Bank raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.5% during the third quarter, HoldingsChannel.com reports. The firm owned 794,835 shares of the cable giant’s stock after purchasing an additional 11,431 shares during the period. Commerce Bank’s holdings in Comcast were worth $30,585,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of Comcast by 1,581.1% in the 2nd quarter. Janus Henderson Group PLC now owns 28,199,798 shares of the cable giant’s stock valued at $1,097,544,000 after buying an additional 26,522,368 shares during the period. Vanguard Group Inc. raised its holdings in shares of Comcast by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of Comcast by 38.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 18,417,341 shares of the cable giant’s stock valued at $716,803,000 after buying an additional 5,108,525 shares during the period. Prudential Financial Inc. grew its stake in Comcast by 40.2% during the 2nd quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock worth $476,934,000 after purchasing an additional 3,513,006 shares in the last quarter. Finally, Southpoint Capital Advisors LP acquired a new position in Comcast during the 2nd quarter worth $136,220,000. Institutional investors own 82.13% of the company’s stock.
CMCSA has been the subject of several analyst reports. Barclays lowered their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Buckingham Research boosted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 8th. BidaskClub raised Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. KeyCorp reissued a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. Finally, Pivotal Research reissued a “buy” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company’s stock. Comcast has an average rating of “Buy” and an average target price of $46.15.
Comcast Corporation (CMCSA) opened at $42.44 on Friday. The stock has a market capitalization of $198,350.00, a PE ratio of 20.02, a PEG ratio of 1.88 and a beta of 1.00. Comcast Corporation has a 1 year low of $34.78 and a 1 year high of $42.71. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast (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. The business had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. equities research analysts predict that Comcast Corporation will post 2.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.48%. Comcast’s dividend payout ratio (DPR) is presently 29.72%.
In related news, Chairman Brian L. Roberts sold 583,835 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,402 shares of company stock valued at $22,961,401. 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.
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