Parallel Advisors LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,945 shares of the cable giant’s stock after purchasing an additional 952 shares during the quarter. Parallel Advisors LLC’s holdings in Comcast Corporation were worth $1,211,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of CMCSA. Patriot Financial Group Insurance Agency LLC boosted its holdings in Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the period. Zions Bancorporation boosted its holdings in Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. First Bank & Trust boosted its holdings in Comcast Corporation by 84.9% in the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in Comcast Corporation in the 1st quarter worth approximately $112,000. Finally, Founders Capital Management purchased a new position in Comcast Corporation in the 1st quarter worth approximately $113,000. Institutional investors and hedge funds own 81.89% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 36.03 on Wednesday. The firm has a market capitalization of $169.82 billion, a price-to-earnings ratio of 18.15 and a beta of 0.98. The firm has a 50-day moving average price of $37.31 and a 200 day moving average price of $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 earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. Comcast Corporation’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. On average, analysts anticipate that Comcast Corporation will post $2.06 EPS for the current fiscal year.
The business also recently announced 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 annualized dividend and a dividend yield of 1.74%. Comcast Corporation’s dividend payout ratio (DPR) is presently 30.36%.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction on Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation 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 transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock valued at $385,050 in the last 90 days. 1.28% of the stock is owned by corporate insiders.
A number of research firms have weighed in on CMCSA. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities began coverage on Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price target for the company. OTR Global cut Comcast Corporation to a “positive” rating in a report on Monday. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Finally, Barclays PLC decreased their price target on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Comcast Corporation has a consensus rating of “Buy” and an average target price of $45.84.
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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