Bainco International Investors Buys 14,610 Shares of Comcast Corporation (CMCSA)

Bainco International Investors increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,799 shares of the cable giant’s stock after acquiring an additional 14,610 shares during the period. Bainco International Investors’ holdings in Comcast were worth $6,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MPS Loria Financial Planners LLC bought a new stake in Comcast in the second quarter worth about $107,000. Clear Perspective Advisors LLC lifted its stake in 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 during the last quarter. First Bank & Trust lifted its stake in 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 during the last quarter. Zions Bancorporation lifted its stake in 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 during the last quarter. Finally, Founders Capital Management bought a new stake in Comcast in the first quarter worth about $113,000. Institutional investors own 82.13% of the company’s stock.

Comcast Corporation (NASDAQ CMCSA) opened at $40.41 on Thursday. The company has a market cap of $190,596.38, a P/E ratio of 19.47, a P/E/G ratio of 1.96 and a beta of 1.01. Comcast Corporation has a 12 month low of $34.12 and a 12 month high of $42.18. The company has a quick ratio of 0.74, a current 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 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. analysts forecast that Comcast Corporation will post 2.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast’s dividend payout ratio is currently 30.36%.

In other Comcast news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Arthur R. Block sold 5,630 shares of Comcast stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 price target on shares of Comcast in a research note on Friday, September 1st. BidaskClub raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, December 19th. Finally, Macquarie reaffirmed a “buy” rating and set a $40.00 price target on shares of Comcast in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average target price of $45.72.

TRADEMARK VIOLATION NOTICE: “Bainco International Investors Buys 14,610 Shares of Comcast Corporation (CMCSA)” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The correct version of this story can be read at https://www.com-unik.info/2017/12/28/bainco-international-investors-buys-14610-shares-of-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.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).

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