BLB&B Advisors LLC Has $3,174,000 Stake in Comcast Corporation (NASDAQ:CMCSA)

BLB&B Advisors LLC continued to hold its position in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,442 shares of the cable giant’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Comcast Corporation were worth $3,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Union Bankshares Corp increased 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 worth $340,000 after buying an additional 101 shares in the last quarter. City Holding Co. boosted its stake in Comcast Corporation by 4.4% in the second quarter. City Holding Co. now owns 5,572 shares of the cable giant’s stock worth $217,000 after buying an additional 236 shares during the last quarter. Pegasus Partners Ltd. boosted its stake 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 last quarter. Highbridge Capital Management LLC boosted its stake 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 last quarter. Finally, Central Bank & Trust Co. boosted its stake in Comcast Corporation by 2.5% in the second quarter. Central Bank & Trust Co. now owns 13,585 shares of the cable giant’s stock worth $529,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 82.32% of the company’s stock.

Shares of Comcast Corporation (CMCSA) traded up 0.93% during trading on Friday, hitting $41.11. The company had a trading volume of 16,735,288 shares. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The firm has a market capitalization of $193.77 billion, a P/E ratio of 20.71 and a beta of 1.01. The stock’s 50-day moving average is $39.47 and its 200 day moving average is $38.77.

Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Equities research analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. Comcast Corporation’s payout ratio is currently 31.74%.

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CMCSA has been the subject of a number of recent analyst reports. Macquarie reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price objective (up previously from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Instinet reissued a “buy” rating and issued a $43.00 price objective (down previously from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Wunderlich raised their price objective on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. 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 an average rating of “Buy” and a consensus price target of $45.69.

In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were 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 in the company, valued at $28,717.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the firm’s 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 sale, 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 owned by company 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.

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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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