Comcast Co. (CMCSA) Shares Sold by Chase Investment Counsel Corp
Chase Investment Counsel Corp lowered its position in Comcast Co. (NASDAQ:CMCSA) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,790 shares of the cable giant’s stock after selling 7,168 shares during the period. Chase Investment Counsel Corp’s holdings in Comcast were worth $3,222,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of CMCSA. Sabal Trust CO raised its position in shares of Comcast by 0.6% in the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after buying an additional 79 shares during the period. Union Bankshares Corp raised its position in shares of Comcast by 1.2% in the second quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock valued at $340,000 after buying an additional 101 shares during the period. City Holding Co. raised its position in shares of Comcast by 4.4% in the second quarter. City Holding Co. now owns 5,572 shares of the cable giant’s stock valued at $217,000 after buying an additional 236 shares during the period. Central Bank & Trust Co. raised its position in shares of Comcast by 2.5% in the second quarter. Central Bank & Trust Co. now owns 13,585 shares of the cable giant’s stock valued at $529,000 after buying an additional 330 shares during the period. Finally, Ledyard National Bank raised its position in shares of Comcast by 4.2% in the second quarter. Ledyard National Bank now owns 8,473 shares of the cable giant’s stock valued at $330,000 after buying an additional 345 shares during the period. 82.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast Co. (NASDAQ CMCSA) traded up 0.15% during mid-day trading on Friday, reaching $40.20. 13,409,688 shares of the company’s stock traded hands. Comcast Co. has a 12 month low of $30.02 and a 12 month high of $42.18. The company has a market cap of $189.48 billion, a price-to-earnings ratio of 20.25 and a beta of 1.01. The company has a 50 day moving average of $39.96 and a 200 day moving average of $39.02.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast had a return on equity of 18.32% and a net margin of 11.98%. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Analysts expect that Comcast Co. will post $2.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.57%. Comcast’s dividend payout ratio is presently 31.74%.
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CMCSA has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 target price (up previously from $44.00) on shares of Comcast in a research note on Saturday, April 29th. Instinet reaffirmed a “buy” rating and issued a $43.00 target price (down previously from $46.00) on shares of Comcast in a research note on Saturday, April 29th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 target price (up previously from $43.00) on shares of Comcast in a research note on Saturday, April 29th. Royal Bank Of Canada raised their target price on shares of Comcast from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, May 1st. Finally, Barclays PLC set a $46.00 target price on shares of Comcast and gave the company an “overweight” rating in a research note on Monday, May 1st. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of Comcast stock in a transaction that occurred 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 sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.28% of the company’s stock.
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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