Sei Investments Co. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 97.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,294,931 shares of the cable giant’s stock after buying an additional 1,130,102 shares during the period. Sei Investments Co.’s holdings in Comcast Corporation were worth $86,267,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its position in Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares during the last quarter. 3G Capital Partners LP boosted its position in Comcast Corporation by 1,333.1% in the fourth quarter. 3G Capital Partners LP now owns 838,000 shares of the cable giant’s stock worth $57,864,000 after buying an additional 779,525 shares during the last quarter. Haverford Trust Co. boosted its position in Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares during the last quarter. Israel Discount Bank of New York GFN bought a new position in Comcast Corporation during the fourth quarter worth approximately $394,000. Finally, First Citizens Bank & Trust Co. boosted its position in Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after buying an additional 74,290 shares during the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 0.62% during trading on Friday, hitting $40.52. 19,547,097 shares of the company traded hands. The stock has a market capitalization of $190.99 billion, a PE ratio of 20.41 and a beta of 1.01. The company has a 50-day moving average of $39.71 and a 200-day moving average of $38.91. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (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 return on equity of 16.80% and a net margin of 11.45%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 earnings per share. Equities analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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Several research analysts have issued reports on CMCSA shares. Argus increased their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Wunderlich increased their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Pivotal Research reiterated a “buy” rating and set a $48.00 target price on shares of Comcast Corporation in a report on Tuesday, June 27th. Finally, Bank of America Corporation increased their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $45.69.
In other news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was 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 in the company, valued at $1,085,886. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
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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