Foothills Asset Management Ltd. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 30.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 55,481 shares of the cable giant’s stock after selling 24,665 shares during the period. Foothills Asset Management Ltd.’s holdings in Comcast Corporation were worth $2,159,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Hudson Valley Investment Advisors Inc. ADV boosted its position in Comcast Corporation by 7.7% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 10,112 shares of the cable giant’s stock worth $394,000 after buying an additional 726 shares during the period. TNB Financial bought a new position in Comcast Corporation during the second quarter worth about $246,000. North American Management Corp boosted its position in Comcast Corporation by 15.0% in the second quarter. North American Management Corp now owns 25,312 shares of the cable giant’s stock worth $985,000 after buying an additional 3,300 shares during the period. Exane Derivatives boosted its position in Comcast Corporation by 765,900.0% in the second quarter. Exane Derivatives now owns 53,620 shares of the cable giant’s stock worth $2,086,000 after buying an additional 53,613 shares during the period. Finally, BerganKDV Wealth Management LLC boosted its position in Comcast Corporation by 12.9% in the second quarter. BerganKDV Wealth Management LLC now owns 10,201 shares of the cable giant’s stock worth $397,000 after buying an additional 1,167 shares during the period. 82.46% of the stock is currently owned by institutional investors and hedge funds.
Comcast Corporation (NASDAQ CMCSA) opened at 39.63 on Monday. The firm has a 50-day moving average of $40.04 and a 200 day moving average of $38.33. The company has a market capitalization of $187.96 billion, a P/E ratio of 21.02 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. Comcast Corporation had a net margin of 11.12% and a return on equity of 15.98%. The business had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts forecast that Comcast Corporation will post $1.99 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Shareholders of record on Wednesday, July 5th will be given a $0.1575 dividend. The ex-dividend date is Friday, June 30th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.59%. Comcast Corporation’s payout ratio is currently 33.51%.
CMCSA has been the topic of a number of research analyst reports. Credit Suisse Group increased their price objective on shares of Comcast Corporation from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. SunTrust Banks, Inc. initiated coverage on shares of Comcast Corporation in a research report on Tuesday, April 18th. They set a “buy” rating and a $45.00 price objective on the stock. Telsey Advisory Group increased their price objective on shares of Comcast Corporation from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, Macquarie reissued a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and an average target price of $44.68.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at $1,085,886. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $38.99, for a total transaction of $10,074,236.20. Following the transaction, the executive vice president now owns 980,498 shares of the company’s stock, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
About Comcast Corporation
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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