Wasatch Advisors Inc. Has $6.06 Million Position in Comcast Corporation (CMCSA)

Wasatch Advisors Inc. lessened its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 16.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,800 shares of the cable giant’s stock after selling 29,963 shares during the period. Wasatch Advisors Inc.’s holdings in Comcast were worth $6,064,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Connecticut Wealth Management LLC grew its holdings in Comcast by 0.4% in the second 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 holdings in Comcast by 0.5% in the second 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. Clarius Group LLC grew its holdings in Comcast by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. grew its holdings in Comcast by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH grew its holdings in Comcast by 0.9% in the second 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. 82.50% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Arthur R. Block sold 4,091 shares of the business’s 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 in the company, valued at $2,626,816.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

A number of research firms have commented on CMCSA. ValuEngine cut shares of Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird restated a “buy” rating and issued a $43.00 price target on shares of Comcast in a report on Friday, September 1st. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 5th. UBS restated an “overweight” rating on shares of Comcast in a report on Thursday, August 24th. Finally, Macquarie restated a “buy” rating and issued a $40.00 price target on shares of Comcast in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.72.

Comcast Corporation (NASDAQ CMCSA) opened at $39.51 on Wednesday. The stock has a market cap of $179,659.75, a PE ratio of 19.08, a PEG ratio of 1.84 and a beta of 1.01. Comcast Corporation has a twelve month low of $34.12 and a twelve month high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA) last issued 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 firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. sell-side analysts anticipate that Comcast Corporation will post 2.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.

WARNING: “Wasatch Advisors Inc. Has $6.06 Million Position in Comcast Corporation (CMCSA)” was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.com-unik.info/2017/12/13/wasatch-advisors-inc-has-6-06-million-position-in-comcast-corporation-cmcsa.html.

Comcast 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 (NASDAQ:CMCSA)

What are top analysts saying about Comcast? - 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 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