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.
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%.
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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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