SevenBridge Financial Group LLC Raises Holdings in Comcast Co. (CMCSA)
SevenBridge Financial Group LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 112.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,627 shares of the cable giant’s stock after purchasing an additional 4,030 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Comcast were worth $250,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. WP Advisors LLC bought a new stake in Comcast during the second quarter valued at approximately $105,000. IMA Wealth Inc. bought a new stake in Comcast during the second quarter valued at approximately $108,000. Prentiss Smith & Co. Inc. lifted its position in Comcast by 229.5% during the second quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock valued at $108,000 after purchasing an additional 2,295 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Comcast during the second quarter valued at approximately $129,000. Finally, Rainier Group Investment Advisory LLC purchased a new position in shares of Comcast during the first quarter worth approximately $146,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Several research analysts have commented on the stock. Pivotal Research reissued a “buy” rating and set a $45.00 price target on shares of Comcast in a research note on Tuesday, June 26th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. Robert W. Baird decreased their price target on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, July 30th. Atlantic Securities raised shares of Comcast from a “neutral” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Monday, August 6th. Finally, Macquarie set a $35.00 price target on shares of Comcast and gave the stock a “hold” rating in a research note on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $45.79.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 26th. The cable giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The company had revenue of $21.74 billion for the quarter, compared to the consensus estimate of $21.85 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. analysts anticipate that Comcast Co. will post 2.55 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.06%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 36.89%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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