TSP Capital Management Group LLC increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 86.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 198,276 shares of the cable giant’s stock after purchasing an additional 92,138 shares during the period. Comcast Corporation accounts for approximately 3.5% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 5th biggest position. TSP Capital Management Group LLC’s holdings in Comcast Corporation were worth $7,453,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Evermay Wealth Management LLC raised its position in shares of Comcast Corporation by 97.9% during the 1st quarter. Evermay Wealth Management LLC now owns 13,910 shares of the cable giant’s stock worth $523,000 after purchasing an additional 6,880 shares during the last quarter. Coronation Fund Managers Ltd. grew its stake in Comcast Corporation by 100.2% during the 1st quarter. Coronation Fund Managers Ltd. now owns 691,644 shares of the cable giant’s stock valued at $25,999,000 after acquiring an additional 346,210 shares in the last quarter. Johnston Asset Management LLC grew its stake in Comcast Corporation by 89.9% during the 1st quarter. Johnston Asset Management LLC now owns 895,436 shares of the cable giant’s stock valued at $33,659,000 after acquiring an additional 423,833 shares in the last quarter. Comgest Global Investors S.A.S. grew its stake in Comcast Corporation by 72.4% during the 1st quarter. Comgest Global Investors S.A.S. now owns 3,431,914 shares of the cable giant’s stock valued at $129,006,000 after acquiring an additional 1,441,007 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in Comcast Corporation by 90.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 827,401 shares of the cable giant’s stock valued at $31,102,000 after acquiring an additional 393,727 shares in the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
Shares of Comcast Corporation (CMCSA) traded up 0.82% on Wednesday, reaching $38.21. 11,102,763 shares of the company’s stock traded hands. The company has a 50 day moving average of $40.22 and a 200-day moving average of $39.19. The stock has a market capitalization of $180.10 billion, a PE ratio of 19.25 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 issued its 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 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.66%. Comcast Corporation’s payout ratio is presently 31.74%.
In other Comcast Corporation 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 transaction of $144,932.99. Following the completion of the transaction, the senior vice president now directly 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 can be accessed through this hyperlink. 1.28% of the stock is currently owned by company insiders.
CMCSA has been the subject of several research reports. Macquarie reaffirmed a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research note on Tuesday, May 16th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Tuesday, June 20th. BidaskClub cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Pivotal Research reissued a “buy” rating and issued a $48.00 price target on shares of Comcast Corporation in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.83.
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Comcast Corporation 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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