ClariVest Asset Management LLC Has $50,963,000 Stake in Comcast Corp. (CMCSA)
ClariVest Asset Management LLC increased its stake in Comcast Corp. (NASDAQ:CMCSA) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 781,754 shares of the cable giant’s stock after buying an additional 900 shares during the period. Comcast Corp. comprises 1.5% of ClariVest Asset Management LLC’s holdings, making the stock its 12th largest position. ClariVest Asset Management LLC’s holdings in Comcast Corp. were worth $50,963,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Oakworth Capital Inc. increased its position in shares of Comcast Corp. by 24.0% in the second quarter. Oakworth Capital Inc. now owns 1,683 shares of the cable giant’s stock worth $107,000 after buying an additional 326 shares during the last quarter. Cribstone Capital Management LLC acquired a new position in shares of Comcast Corp. during the second quarter worth about $115,000. CWM LLC increased its position in shares of Comcast Corp. by 25.1% in the second quarter. CWM LLC now owns 2,051 shares of the cable giant’s stock worth $134,000 after buying an additional 411 shares during the last quarter. City Holding Co. increased its position in shares of Comcast Corp. by 6.0% in the second quarter. City Holding Co. now owns 2,169 shares of the cable giant’s stock worth $141,000 after buying an additional 122 shares during the last quarter. Finally, Kanaly Trust Co increased its position in shares of Comcast Corp. by 4.0% in the second quarter. Kanaly Trust Co now owns 2,369 shares of the cable giant’s stock worth $154,000 after buying an additional 91 shares during the last quarter. 82.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded down 0.08% during trading on Friday, reaching $65.36. The company had a trading volume of 7,471,618 shares. Comcast Corp. has a 52 week low of $52.34 and a 52 week high of $68.36. The company has a market capitalization of $157.64 billion, a PE ratio of 19.87 and a beta of 1.05. The stock’s 50-day moving average price is $65.97 and its 200-day moving average price is $64.18.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, July 27th. The cable giant reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.02. The business earned $18.74 billion during the quarter, compared to analysts’ expectations of $19.11 billion. Comcast Corp. had a return on equity of 15.04% and a net margin of 10.70%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. On average, equities analysts expect that Comcast Corp. will post $3.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.68%. Comcast Corp.’s dividend payout ratio (DPR) is presently 33.43%.
A number of research firms recently commented on CMCSA. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $70.00 price objective on shares of Comcast Corp. in a research report on Monday, July 11th. RBC Capital Markets restated an “outperform” rating and issued a $72.00 price target (up previously from $70.00) on shares of Comcast Corp. in a research report on Thursday, July 28th. Jefferies Group upped their price target on Comcast Corp. from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Robert W. Baird restated an “outperform” rating and issued a $67.00 price target on shares of Comcast Corp. in a research report on Tuesday, June 28th. Finally, Pacific Crest upped their price target on Comcast Corp. from $65.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $72.00.
In other Comcast Corp. news, Chairman Brian L. Roberts sold 304,109 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $67.26, for a total transaction of $20,454,371.34. Following the completion of the sale, the chairman now directly owns 630,596 shares in the company, valued at approximately $42,413,886.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 1,023 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $65.75, for a total value of $67,262.25. Following the sale, the executive vice president now owns 47,539 shares of the company’s stock, valued at $3,125,689.25. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.
About Comcast Corp.
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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