First Quadrant L P CA increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 444,404 shares of the cable giant’s stock after buying an additional 3,258 shares during the period. First Quadrant L P CA’s holdings in Comcast Corporation were worth $17,296,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of CMCSA. Aperio Group LLC increased its position in Comcast Corporation by 10.2% in the second quarter. Aperio Group LLC now owns 2,579,842 shares of the cable giant’s stock worth $100,407,000 after buying an additional 239,000 shares during the period. Alpha Windward LLC increased its position in Comcast Corporation by 8.6% in the second quarter. Alpha Windward LLC now owns 9,802 shares of the cable giant’s stock worth $381,000 after buying an additional 777 shares during the period. Main Street Research LLC increased its position in Comcast Corporation by 1.9% in the second quarter. Main Street Research LLC now owns 30,116 shares of the cable giant’s stock worth $1,172,000 after buying an additional 556 shares during the period. Louisiana State Employees Retirement System increased its position in Comcast Corporation by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 293,600 shares of the cable giant’s stock worth $11,427,000 after buying an additional 2,700 shares during the period. Finally, Spirit of America Management Corp NY increased its position in Comcast Corporation by 7.1% in the second quarter. Spirit of America Management Corp NY now owns 30,000 shares of the cable giant’s stock worth $1,168,000 after buying an additional 2,000 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation (CMCSA) traded up 0.23% during mid-day trading on Friday, hitting $39.52. 20,378,111 shares of the stock traded hands. The firm has a market cap of $190.05 billion, a price-to-earnings ratio of 19.91 and a beta of 1.01. The stock has a 50-day moving average of $39.67 and a 200 day moving average of $38.50. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, equities analysts expect that Comcast Corporation will post $2.00 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.
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A number of research firms recently commented on CMCSA. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. TD Securities began coverage on shares of Comcast Corporation in a research report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a research report on Sunday, July 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 target price on shares of Comcast Corporation in a research report on Friday, July 7th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Comcast Corporation currently has a consensus rating of “Buy” and a consensus price target of $45.05.
In related news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the sale, the director now owns 26,812 shares of the company’s stock, valued at $1,085,886. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly 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.
Comcast Corporation Company 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.
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