Boston Family Office LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 101.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,080 shares of the cable giant’s stock after buying an additional 24,740 shares during the period. Boston Family Office LLC’s holdings in Comcast Corporation were worth $1,845,000 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. Horizon Kinetics LLC increased its position in Comcast Corporation by 0.3% in the fourth quarter. Horizon Kinetics LLC now owns 8,135 shares of the cable giant’s stock worth $562,000 after buying an additional 26 shares during the period. M Holdings Securities Inc. increased its position in Comcast Corporation by 5.6% in the fourth quarter. M Holdings Securities Inc. now owns 4,750 shares of the cable giant’s stock worth $328,000 after buying an additional 254 shares during the period. Cypress Wealth Advisors LLC increased its position in Comcast Corporation by 3.4% in the fourth quarter. Cypress Wealth Advisors LLC now owns 7,737 shares of the cable giant’s stock worth $534,000 after buying an additional 255 shares during the period. Pegasus Partners Ltd. increased its position in Comcast Corporation by 1.9% in the fourth quarter. Pegasus Partners Ltd. now owns 14,568 shares of the cable giant’s stock worth $1,006,000 after buying an additional 265 shares during the period. Finally, Highbridge Capital Management LLC increased its position in Comcast Corporation by 2.6% in the fourth quarter. Highbridge Capital Management LLC now owns 10,975 shares of the cable giant’s stock worth $758,000 after buying an additional 279 shares during the period. 82.48% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Corporation (CMCSA) opened at 39.52 on Monday. The company has a 50 day moving average of $39.67 and a 200 day moving average of $38.50. The firm has a market cap of $190.05 billion, a PE ratio of 19.91 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week 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 research analysts anticipate that Comcast Corporation will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.59%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
A number of research analysts recently commented on the stock. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 target price (up from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Royal Bank Of Canada increased their target price on shares of Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, TD Securities assumed 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. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Comcast Corporation has an average rating of “Buy” and a consensus price target of $45.05.
In related news, EVP Stephen B. Burke sold 258,380 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares in the company, valued at approximately $38,229,617.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
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.
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).
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
