Paradigm Asset Management Co. LLC decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 11.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,166 shares of the cable giant’s stock after selling 13,000 shares during the quarter. Comcast Corporation comprises approximately 0.8% of Paradigm Asset Management Co. LLC’s investment portfolio, making the stock its 19th biggest position. Paradigm Asset Management Co. LLC’s holdings in Comcast Corporation were worth $4,054,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of the company. Connecticut Wealth Management LLC boosted its stake in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares during the period. Financial Consulate Inc. lifted its stake in Comcast Corporation by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares during the last quarter. Peoples Bank OH lifted its stake in Comcast Corporation by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the last quarter. Sabal Trust CO lifted its stake in Comcast Corporation by 0.6% during the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock worth $559,000 after purchasing an additional 79 shares during the last quarter. Finally, Starfire Investment Advisers Inc. lifted its stake in Comcast Corporation by 1.2% during the second quarter. Starfire Investment Advisers Inc. now owns 8,325 shares of the cable giant’s stock worth $324,000 after purchasing an additional 95 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at 36.50 on Tuesday. The stock has a market capitalization of $172.04 billion, a PE ratio of 18.39 and a beta of 0.98. The firm has a 50 day moving average of $37.37 and a 200-day moving average of $39.17. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post $2.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.72%. Comcast Corporation’s payout ratio is currently 30.36%.
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A number of analysts recently weighed in on CMCSA shares. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Comcast Corporation in a report on Thursday, July 6th. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating and issued a $47.00 target price on shares of Comcast Corporation in a research note on Friday, July 7th. Finally, KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.84.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 in the last ninety days. 1.28% of the stock is currently owned by corporate insiders.
Comcast Corporation 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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