Prudential Financial Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 40.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,254,212 shares of the cable giant’s stock after purchasing an additional 3,513,006 shares during the period. Comcast Corporation makes up approximately 0.7% of Prudential Financial Inc.’s holdings, making the stock its 17th largest position. Prudential Financial Inc. owned about 0.26% of Comcast Corporation worth $476,934,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Connecticut Wealth Management LLC grew its position in Comcast Corporation by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. grew its position in Comcast Corporation by 0.5% in the 2nd 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 period. Peoples Bank OH grew its position in Comcast Corporation by 0.9% in the 2nd 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 period. Sabal Trust CO grew its position in shares of Comcast Corporation by 0.6% during the 2nd quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after acquiring an additional 79 shares during the period. Finally, Starfire Investment Advisers Inc. grew its position in shares of Comcast Corporation by 1.2% during the 2nd quarter. Starfire Investment Advisers Inc. now owns 8,325 shares of the cable giant’s stock valued at $324,000 after acquiring an additional 95 shares during the period. 81.89% of the stock is owned by institutional investors and hedge funds.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock worth $385,050 over the last 90 days. 1.28% of the stock is currently owned by company insiders.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 36.03 on Wednesday. The stock has a market capitalization of $169.82 billion, a PE ratio of 18.15 and a beta of 0.98. The stock’s 50 day moving average is $37.31 and its 200 day moving average is $39.15. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. Comcast Corporation’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts anticipate that Comcast Corporation will post $2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. 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 1.74%. Comcast Corporation’s payout ratio is presently 30.36%.
A number of brokerages have recently issued reports on CMCSA. ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. TD Securities began coverage on shares of Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 price objective for the company. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a research report on Monday. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Finally, Barclays PLC cut their price objective on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.84.
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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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