Haverford Trust Co. Has $124.11 Million Position in Comcast Corporation (CMCSA)

Haverford Trust Co. raised its stake in Comcast Corporation (NASDAQ:CMCSA) by 117.5% during the first quarter, according to its most recent filing with the SEC. The fund owned 3,301,780 shares of the cable giant’s stock after buying an additional 1,783,436 shares during the period. Comcast Corporation makes up 2.8% of Haverford Trust Co.’s investment portfolio, making the stock its 5th largest position. Haverford Trust Co. owned 0.07% of Comcast Corporation worth $124,114,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CMCSA. Boston Partners boosted its stake in Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares during the last quarter. 3G Capital Partners LP boosted its stake in Comcast Corporation by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock worth $57,864,000 after buying an additional 779,525 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new stake in Comcast Corporation during the fourth quarter worth approximately $394,000. First Citizens Bank & Trust Co. boosted its stake in Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after buying an additional 74,290 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock worth $10,847,000 after buying an additional 145,515 shares during the last quarter. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Comcast Corporation (CMCSA) opened at 40.63 on Thursday. The stock has a market capitalization of $191.50 billion, a price-to-earnings ratio of 20.47 and a beta of 1.01. The firm’s 50-day moving average is $39.42 and its 200 day moving average is $38.73. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Equities analysts anticipate that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.55%. 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 equities research analysts have commented on CMCSA shares. Macquarie restated a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research note on Tuesday, May 16th. Instinet restated a “buy” rating and set a $43.00 target price (down previously from $46.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Jefferies Group LLC restated a “buy” rating and set a $47.00 target price (up previously from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Deutsche Bank AG restated a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Finally, Wunderlich increased their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $45.69.

In other news, Director Kenneth J. Bacon sold 7,500 shares of the 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 completion of the transaction, the director now directly owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the 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 of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.

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.