Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 98.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 817,762 shares of the cable giant’s stock after buying an additional 406,544 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Comcast Corporation were worth $30,740,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Trust Co boosted its stake in shares of Comcast Corporation by 2.3% in the fourth quarter. Trust Co now owns 32,709 shares of the cable giant’s stock worth $2,259,000 after buying an additional 739 shares in the last quarter. Catawba Capital Management VA boosted its stake in shares of Comcast Corporation by 93.2% in the first quarter. Catawba Capital Management VA now owns 32,958 shares of the cable giant’s stock worth $1,239,000 after buying an additional 15,902 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Comcast Corporation by 36.3% in the first quarter. Fulton Bank N.A. now owns 58,796 shares of the cable giant’s stock worth $2,210,000 after buying an additional 15,650 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Comcast Corporation by 91.9% in the first quarter. CENTRAL TRUST Co now owns 168,877 shares of the cable giant’s stock worth $6,348,000 after buying an additional 80,857 shares in the last quarter. Finally, Watch Point Trust Co boosted its stake in shares of Comcast Corporation by 106.0% in the first quarter. Watch Point Trust Co now owns 72,207 shares of the cable giant’s stock worth $2,714,000 after buying an additional 37,160 shares in the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) traded down 0.80% during mid-day trading on Thursday, hitting $40.91. The stock had a trading volume of 4,045,361 shares. The stock has a market capitalization of $192.82 billion, a P/E ratio of 20.61 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The company’s 50 day moving average is $39.65 and its 200-day moving average is $38.88.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. On average, analysts expect that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
A number of brokerages have recently issued reports on CMCSA. Instinet reiterated a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price (up from $43.00) on shares of Comcast Corporation in a report on Saturday, April 29th. Royal Bank Of Canada boosted their target price on Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, TD Securities began coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $45.69.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now directly owns 26,812 shares in the company, valued at $1,085,886. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
About Comcast Corporation
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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