Haverford Financial Services Inc. Has $12.19 Million Holdings in Comcast Co. (CMCSA)
Haverford Financial Services Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 0.8% in the third quarter, HoldingsChannel.com reports. The fund owned 316,687 shares of the cable giant’s stock after buying an additional 2,575 shares during the quarter. Comcast accounts for 4.8% of Haverford Financial Services Inc.’s portfolio, making the stock its 2nd biggest position. Haverford Financial Services Inc.’s holdings in Comcast were worth $12,186,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of Comcast by 1,581.1% during the second 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 last quarter. Vanguard Group Inc. raised its holdings in shares of Comcast by 2.8% during the second 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 last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Comcast by 38.4% during the second 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 last quarter. Prudential Financial Inc. raised its holdings in shares of Comcast by 40.2% during the second quarter. Prudential Financial Inc. now owns 12,254,212 shares of the cable giant’s stock valued at $476,934,000 after buying an additional 3,513,006 shares during the last quarter. Finally, Southpoint Capital Advisors LP bought a new stake in shares of Comcast during the second quarter valued at approximately $136,220,000. Institutional investors own 82.26% of the company’s stock.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 in the last ninety days. 1.28% of the stock is owned by corporate insiders.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for 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 firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. equities research analysts forecast that Comcast Co. will post 2.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.48%. Comcast’s dividend payout ratio is currently 30.36%.
CMCSA has been the topic of several recent analyst reports. Nomura dropped their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Royal Bank of Canada reissued a “buy” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. Evercore ISI reissued an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a report on Tuesday, January 9th. Finally, Buckingham Research boosted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the company. Comcast currently has a consensus rating of “Buy” and a consensus price target of $46.83.
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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