Diversified Portfolios Inc. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,295 shares of the cable giant’s stock after selling 525 shares during the period. Diversified Portfolios Inc.’s holdings in Comcast Corporation were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after purchasing an additional 1,340 shares during the period. First Bank & Trust increased its stake in shares of Comcast Corporation by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after purchasing an additional 1,302 shares during the period. Zions Bancorporation increased its stake in shares of Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after purchasing an additional 410 shares during the period. Founders Capital Management bought a new position in Comcast Corporation during the 1st quarter worth $113,000. Finally, Pacific Center for Financial Services increased its stake in Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after acquiring an additional 1,788 shares during the period. Institutional investors own 81.60% of the company’s stock.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data 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. The company had revenue of $20.98 billion for 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%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. sell-side analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company 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 $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s payout ratio is 29.72%.
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CMCSA has been the topic of a number of recent research reports. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Barclays PLC lowered their price objective on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. KeyCorp restated a “hold” rating on shares of Comcast Corporation in a research note on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research note on Friday. Finally, ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $45.84.
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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