Smith Salley & Associates Purchases 4,095 Shares of Comcast Corporation (NASDAQ:CMCSA)

Smith Salley & Associates increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 106.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,928 shares of the cable giant’s stock after buying an additional 4,095 shares during the period. Smith Salley & Associates’ holdings in Comcast Corporation were worth $298,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Scotia Capital Inc. increased its stake in shares of Comcast Corporation by 5.2% in the fourth quarter. Scotia Capital Inc. now owns 184,869 shares of the cable giant’s stock worth $12,771,000 after buying an additional 9,122 shares during the last quarter. A.R.T. Advisors LLC increased its stake in shares of Comcast Corporation by 313.4% in the fourth quarter. A.R.T. Advisors LLC now owns 33,900 shares of the cable giant’s stock worth $2,340,000 after buying an additional 25,700 shares during the last quarter. Fred Alger Management Inc. increased its stake in shares of Comcast Corporation by 13.6% in the fourth quarter. Fred Alger Management Inc. now owns 7,288,737 shares of the cable giant’s stock worth $503,287,000 after buying an additional 872,215 shares during the last quarter. GSA Capital Partners LLP raised its stake in Comcast Corporation by 130.7% in the fourth quarter. GSA Capital Partners LLP now owns 40,576 shares of the cable giant’s stock worth $2,802,000 after buying an additional 22,987 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in Comcast Corporation by 3.6% in the fourth quarter. First Republic Investment Management Inc. now owns 881,553 shares of the cable giant’s stock worth $60,871,000 after buying an additional 30,518 shares in the last quarter. 82.87% of the stock is owned by institutional investors and hedge funds.

Comcast Corporation (CMCSA) traded up 0.62% during midday trading on Friday, hitting $40.52. The stock had a trading volume of 19,547,097 shares. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The firm has a 50-day moving average price of $39.71 and a 200-day moving average price of $38.91. The firm has a market capitalization of $190.99 billion, a price-to-earnings ratio of 20.41 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. On average, equities research analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.55%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.

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CMCSA has been the subject of a number of analyst reports. Argus upped their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Wunderlich upped their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Pivotal Research reaffirmed a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a research note on Tuesday, June 27th. Finally, Bank of America Corporation upped their target price on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus 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 on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, 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. Insiders own 1.28% of the company’s stock.

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.

Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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