Comcast Corporation (CMCSA) Shares Bought by Bienville Capital Management LLC
Bienville Capital Management LLC boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 90.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,850 shares of the cable giant’s stock after buying an additional 7,530 shares during the period. Bienville Capital Management LLC’s holdings in Comcast Corporation were worth $596,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CMCSA. Ameriprise Financial Inc. raised its stake in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock worth $2,117,212,000 after buying an additional 28,597,277 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after buying an additional 12,625,830 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Comcast Corporation by 102.5% in the first quarter. Fisher Asset Management LLC now owns 25,364,691 shares of the cable giant’s stock worth $953,459,000 after buying an additional 12,839,117 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Comcast Corporation by 151.5% in the first quarter. Swiss National Bank now owns 17,191,600 shares of the cable giant’s stock worth $646,232,000 after buying an additional 10,356,700 shares in the last quarter. 82.87% of the stock is owned by institutional investors and hedge funds.
Comcast Corporation (NASDAQ CMCSA) traded up 0.136% during midday trading on Monday, hitting $40.575. The company’s stock had a trading volume of 2,011,284 shares. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The company’s 50 day moving average price is $39.71 and its 200 day moving average price is $38.91. The firm has a market cap of $191.25 billion, a P/E ratio of 20.441 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the previous year, the company earned $0.83 EPS. Comcast Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that Comcast Corporation will post $2.04 EPS for the current year.
The company also recently announced 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.
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A number of brokerages have recently weighed in on CMCSA. Instinet restated a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and issued a $47.00 target price (up previously from $43.00) on shares of Comcast Corporation in a research note on Saturday, April 29th. Royal Bank Of Canada boosted their target price on Comcast Corporation from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, TD Securities began coverage on Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $45.69.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now owns 26,812 shares in the company, valued at approximately $1,085,886. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares in the company, 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.
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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