ELM Advisors LLC cut its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 13,733 shares of the cable giant’s stock after selling 710 shares during the period. ELM Advisors LLC’s holdings in Comcast Corporation were worth $534,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Scotia Capital Inc. raised its position in shares of Comcast Corporation by 5.2% in the fourth quarter. Scotia Capital Inc. now owns 184,869 shares of the cable giant’s stock worth $12,771,000 after buying an additional 9,122 shares in the last quarter. A.R.T. Advisors LLC raised its position in shares of Comcast Corporation by 313.4% in the fourth quarter. A.R.T. Advisors LLC now owns 33,900 shares of the cable giant’s stock worth $2,340,000 after buying an additional 25,700 shares in the last quarter. Fred Alger Management Inc. raised its position in shares of Comcast Corporation by 13.6% in the fourth quarter. Fred Alger Management Inc. now owns 7,288,737 shares of the cable giant’s stock worth $503,287,000 after buying an additional 872,215 shares in the last quarter. GSA Capital Partners LLP raised its stake in Comcast Corporation by 130.7% in the fourth quarter. GSA Capital Partners LLP now owns 40,576 shares of the cable giant’s stock valued at $2,802,000 after buying an additional 22,987 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in Comcast Corporation by 3.6% in the fourth quarter. First Republic Investment Management Inc. now owns 881,553 shares of the cable giant’s stock valued at $60,871,000 after buying an additional 30,518 shares during the period. Institutional investors and hedge funds own 82.87% of the company’s stock.
Comcast Corporation (CMCSA) traded up 0.62% during trading on Friday, reaching $40.52. The company had a trading volume of 19,547,097 shares. The firm has a market capitalization of $190.99 billion, a P/E ratio of 20.41 and a beta of 1.01. The firm’s 50-day moving average price is $39.71 and its 200 day moving average price is $38.91. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.55%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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Several analysts recently weighed in on the company. Instinet reiterated a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research report on Wednesday, June 28th. Royal Bank Of Canada raised their price objective on Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, May 1st. Jefferies Group LLC restated a “buy” rating and set a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, TD Securities started coverage on Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.69.
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 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 in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on 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 transaction, the director now owns 26,812 shares in the company, valued at $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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