Comcast Corporation (CMCSA) Stake Raised by Intellectus Partners LLC
Intellectus Partners LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 72.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,480 shares of the cable giant’s stock after buying an additional 6,494 shares during the period. Intellectus Partners LLC’s holdings in Comcast Corporation were worth $582,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in Comcast Corporation by 139.7% in the first quarter. Mutual of America Capital Management LLC now owns 679,346 shares of the cable giant’s stock valued at $25,537,000 after buying an additional 395,902 shares in the last quarter. Insight Capital Research & Management Inc. bought a new position in Comcast Corporation during the first quarter valued at about $753,000. Kahn Brothers Group Inc. DE raised its position in Comcast Corporation by 65.4% in the first quarter. Kahn Brothers Group Inc. DE now owns 27,017 shares of the cable giant’s stock valued at $624,000 after buying an additional 10,687 shares in the last quarter. Thompson Davis & CO. Inc. raised its position in Comcast Corporation by 109.9% in the first quarter. Thompson Davis & CO. Inc. now owns 4,080 shares of the cable giant’s stock valued at $153,000 after buying an additional 2,136 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its position in Comcast Corporation by 116.1% in the first quarter. State of Wisconsin Investment Board now owns 5,217,038 shares of the cable giant’s stock valued at $196,108,000 after buying an additional 2,803,393 shares in the last quarter. Hedge funds and other institutional investors own 82.87% of the company’s stock.
Comcast Corporation (NASDAQ 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’s 50 day moving average price is $39.71 and its 200 day moving average price is $38.91. The firm has a market capitalization of $190.99 billion, a PE ratio of 20.41 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts anticipate that Comcast Corporation will post $2.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.55%. Comcast Corporation’s payout ratio is presently 31.74%.
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Several research analysts have issued reports on the company. Argus increased their price objective on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TD Securities assumed coverage on Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and a consensus price target of $45.69.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly 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 owned by corporate 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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