Foothills Asset Management Ltd. decreased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 30.8% during the second quarter, according to its most recent Form 13F 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 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Horizon Kinetics LLC boosted its position in shares of Comcast Corporation by 0.3% in the fourth quarter. Horizon Kinetics LLC now owns 8,135 shares of the cable giant’s stock valued at $562,000 after buying an additional 26 shares in the last quarter. Union Bankshares Corp boosted its position in shares of Comcast Corporation by 1.2% in the second quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock valued at $340,000 after buying an additional 101 shares in the last quarter. City Holding Co. boosted its position in shares of Comcast Corporation by 4.4% in the second quarter. City Holding Co. now owns 5,572 shares of the cable giant’s stock valued at $217,000 after buying an additional 236 shares in the last quarter. M Holdings Securities Inc. boosted its position in shares of Comcast Corporation by 5.6% in the fourth quarter. M Holdings Securities Inc. now owns 4,750 shares of the cable giant’s stock valued at $328,000 after buying an additional 254 shares in the last quarter. Finally, Cypress Wealth Advisors LLC boosted its position in shares of Comcast Corporation by 3.4% in the fourth quarter. Cypress Wealth Advisors LLC now owns 7,737 shares of the cable giant’s stock valued at $534,000 after buying an additional 255 shares in the last quarter. 82.32% of the stock is owned by institutional investors.
Comcast Corporation (NASDAQ:CMCSA) opened at 40.73 on Friday. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The firm’s 50-day moving average is $39.44 and its 200 day moving average is $38.74. The company has a market cap of $191.98 billion, a PE ratio of 20.52 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm 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%. Comcast Corporation’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.
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Several equities research analysts have issued reports on CMCSA shares. Morgan Stanley reiterated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Credit Suisse Group lifted their target price on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 target price on shares of Comcast Corporation in a research report on Friday, July 7th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Comcast Corporation in a report on Tuesday, April 18th. They issued a “buy” rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.69.
In other news, 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 completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the business’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 sale, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. Company 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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