Appleton Partners Inc. MA grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 65.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 34,711 shares of the cable giant’s stock after purchasing an additional 13,732 shares during the period. Appleton Partners Inc. MA’s holdings in Comcast Corporation were worth $1,351,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares during the last quarter. Zions Bancorporation boosted its stake in shares of Comcast Corporation by 16.8% in the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast Corporation in the 1st quarter worth approximately $112,000. Founders Capital Management purchased a new position in shares of Comcast Corporation in the 1st quarter worth approximately $113,000. Finally, Pacific Center for Financial Services boosted its stake in shares of Comcast Corporation by 133.0% in the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after buying an additional 1,788 shares during the last quarter. 81.93% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the sale, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently weighed in on CMCSA shares. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. KeyCorp restated a “neutral” rating on shares of Comcast Corporation in a research note on Sunday, September 17th. Argus boosted their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. Finally, Robert W. Baird restated a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research note on Friday, September 1st. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $45.83.
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Comcast Corporation (CMCSA) traded up 0.61% on Friday, hitting $37.70. 7,554,991 shares of the stock traded hands. The stock has a market cap of $177.69 billion, a price-to-earnings ratio of 18.99 and a beta of 1.01. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company’s 50 day moving average price is $39.84 and its 200-day moving average price is $39.19.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for 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 period in the prior year, the firm posted $0.83 EPS. On average, analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.68%. Comcast Corporation’s payout ratio is presently 31.74%.
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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