Archon Partners LLC maintained its stake in Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 296,000 shares of the cable giant’s stock at the close of the second quarter. Comcast Corporation accounts for 2.7% of Archon Partners LLC’s holdings, making the stock its 10th largest holding. Archon Partners LLC’s holdings in Comcast Corporation were worth $11,520,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Connecticut Wealth Management LLC boosted its holdings in shares of 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. boosted its holdings in Comcast Corporation by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the period. Peoples Bank OH boosted its holdings in Comcast Corporation by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the period. Sabal Trust CO boosted its holdings in 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, McKinley Carter Wealth Services Inc. boosted its holdings in Comcast Corporation by 0.9% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 81.88% of the company’s stock.
Comcast Corporation (CMCSA) opened at $35.68 on Monday. The company has a market capitalization of $166,760.16, a price-to-earnings ratio of 17.71, a PEG ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast Corporation has a 1 year low of $30.02 and a 1 year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly 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. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period in the previous year, the company posted $0.92 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. research 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. Investors of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is currently 30.36%.
CMCSA has been the subject of a number of recent analyst reports. Nomura dropped their price objective on Comcast Corporation from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 27th. KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a report on Sunday, September 17th. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Royal Bank Of Canada restated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a report on Wednesday, October 18th. Finally, Argus boosted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $45.84.
In related news, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was 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 approximately $2,626,816.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Corporate 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.
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