Boston Family Office LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 101.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund 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.
Other hedge funds have also recently bought and sold shares of the company. OLD Second National Bank of Aurora boosted its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the period. Advantage Investment Management LLC bought a new stake in Comcast Corporation during the fourth quarter valued at $103,000. Orrstown Financial Services Inc. boosted its stake in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares during the period. CT Financial Advisors LLC boosted its stake in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares during the period. Finally, Adirondack Trust Co. boosted its stake in Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,450 shares during the period. Institutional investors and hedge funds own 82.32% of the company’s stock.
Comcast Corporation (NASDAQ:CMCSA) traded up 0.25% during trading on Thursday, hitting $40.73. 20,382,585 shares of the company’s stock were exchanged. The firm has a market cap of $191.98 billion, a price-to-earnings ratio of 20.52 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company’s 50-day moving average price is $39.42 and its 200 day moving average price is $38.73.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid 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 yield of 1.55%. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
COPYRIGHT VIOLATION WARNING: “Boston Family Office LLC Raises Position in Comcast Corporation (NASDAQ:CMCSA)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/08/10/comcast-corporation-nasdaqcmcsa-position-raised-by-boston-family-office-llc-updated.html.
A number of equities analysts recently commented on the stock. Argus lifted their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Wunderlich raised their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Pivotal Research reissued a “buy” rating and issued a $48.00 price target on shares of Comcast Corporation in a report on Tuesday, June 27th. Finally, Bank of America Corporation raised their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $45.69.
In other news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the transaction, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. 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.
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.
