CFO4Life Group LLC Raises Stake in Comcast Corporation (CMCSA)

CFO4Life Group LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,572 shares of the cable giant’s stock after buying an additional 155 shares during the period. CFO4Life Group LLC’s holdings in Comcast Corporation were worth $567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Comcast Corporation by 100.3% during the 1st quarter. American Century Companies Inc. now owns 10,665,001 shares of the cable giant’s stock valued at $400,897,000 after purchasing an additional 5,339,258 shares during the last quarter. Fund Evaluation Group LLC boosted its stake in Comcast Corporation by 100.0% during the 1st quarter. Fund Evaluation Group LLC now owns 60,000 shares of the cable giant’s stock valued at $2,255,000 after purchasing an additional 30,000 shares during the last quarter. Investment Management of Virginia LLC boosted its stake in Comcast Corporation by 100.3% during the 1st quarter. Investment Management of Virginia LLC now owns 31,855 shares of the cable giant’s stock valued at $1,197,000 after purchasing an additional 15,955 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in Comcast Corporation by 93.8% during the 1st quarter. Genesee Valley Trust Co. now owns 30,126 shares of the cable giant’s stock valued at $1,132,000 after purchasing an additional 14,579 shares during the last quarter. Finally, FTB Advisors Inc. boosted its stake in Comcast Corporation by 92.0% during the 1st quarter. FTB Advisors Inc. now owns 145,336 shares of the cable giant’s stock valued at $5,511,000 after purchasing an additional 69,658 shares during the last quarter. Institutional investors own 81.89% of the company’s stock.

Shares of Comcast Corporation (CMCSA) opened at $35.68 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market cap of $164.28 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued 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 1.76%. Comcast Corporation’s payout ratio is 30.36%.

In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares in the company, 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 worth $385,050 in the last three months. Insiders own 1.28% of the company’s stock.

CMCSA has been the subject of a number of analyst reports. Argus lifted their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TD Securities initiated coverage on Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.84.

ILLEGAL ACTIVITY WARNING: This piece was reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/11/04/cfo4life-group-llc-raises-stake-in-comcast-corporation-cmcsa.html.

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.

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

What are top analysts saying about Comcast Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Comcast Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit