Cigna Investments Inc. New decreased its position in Comcast Corporation (NASDAQ:CMCSA) by 5.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 184,849 shares of the cable giant’s stock after selling 11,126 shares during the period. Comcast Corporation comprises about 0.5% of Cigna Investments Inc. New’s investment portfolio, making the stock its 27th biggest holding. Cigna Investments Inc. New’s holdings in Comcast Corporation were worth $7,223,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. WINTON GROUP Ltd boosted its stake in shares of Comcast Corporation by 573.3% during the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock valued at $14,563,000 after buying an additional 186,920 shares during the period. Boston Partners boosted its stake in shares of Comcast Corporation by 140.7% during the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after buying an additional 9,739,468 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of Comcast Corporation by 100.9% during the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock valued at $33,802,000 after buying an additional 451,551 shares during the period. Tower Bridge Advisors boosted its stake in shares of Comcast Corporation by 10.1% during the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock valued at $5,532,000 after buying an additional 13,003 shares during the period. Finally, Haverford Trust Co. boosted its stake in shares of Comcast Corporation by 117.5% during the 1st quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock valued at $124,114,000 after buying an additional 1,783,436 shares during the period. 81.93% of the stock is owned by hedge funds and other institutional investors.
Comcast Corporation (NASDAQ CMCSA) opened at 37.69 on Wednesday. The company has a 50-day moving average of $38.77 and a 200 day moving average of $39.26. The company has a market cap of $177.65 billion, a P/E ratio of 18.99 and a beta of 0.98. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. Equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently disclosed 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. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.
A number of equities research analysts have issued reports on CMCSA shares. Moffett Nathanson lowered shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Tuesday, June 20th. BidaskClub lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Pivotal Research reissued a “buy” rating and set a $48.00 target price on shares of Comcast Corporation in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Instinet reissued a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Comcast Corporation currently has an average rating of “Buy” and a consensus target price of $45.83.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Insiders sold 9,982 shares of company stock worth $385,050 over the last three months. Insiders own 1.28% of the company’s stock.
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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