Intermede Investment Partners Ltd increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,470,962 shares of the cable giant’s stock after buying an additional 22,356 shares during the period. Comcast comprises about 5.2% of Intermede Investment Partners Ltd’s holdings, making the stock its 5th biggest position. Intermede Investment Partners Ltd’s holdings in Comcast were worth $56,603,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Zions Bancorporation increased its stake in shares of Comcast by 16.8% in 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 in the last quarter. Clear Perspective Advisors LLC increased its stake in shares of Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast in the second quarter worth about $107,000. First Bank & Trust increased its stake in shares of Comcast by 84.9% in 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 in the last quarter. Finally, Founders Capital Management purchased a new position in shares of Comcast in the first quarter worth about $113,000. Institutional investors and hedge funds own 82.13% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Pivotal Research reiterated a “buy” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday. Macquarie reiterated a “buy” rating and issued a $40.00 target price on shares of Comcast in a research note on Thursday, December 7th. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Buckingham Research started coverage on shares of Comcast in a research note on Monday, November 20th. They issued a “buy” rating and a $48.00 target price for the company. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price objective on shares of Comcast in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.72.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business 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 business posted $0.92 earnings per share. Comcast’s revenue for the quarter was down 1.6% on a year-over-year basis. equities research analysts anticipate that Comcast Corporation will post 2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.54%. Comcast’s payout ratio is presently 29.72%.
In other Comcast news, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 593,556 shares of company stock valued at $22,958,411. 1.28% of the stock is currently owned by company insiders.
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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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