Tiedemann Wealth Management LLC Acquires 45,098 Shares of Comcast Corporation (CMCSA)
Tiedemann Wealth Management LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 188.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 69,039 shares of the cable giant’s stock after buying an additional 45,098 shares during the period. Tiedemann Wealth Management LLC’s holdings in Comcast Corporation were worth $2,595,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora increased its position in shares of Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the last quarter. Adirondack Trust Co. increased its position in shares of Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,450 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast Corporation during the first quarter valued at approximately $112,000. Finally, MU Investments Co. Ltd. increased its position in shares of Comcast Corporation by 71.1% in the first quarter. MU Investments Co. Ltd. now owns 3,200 shares of the cable giant’s stock valued at $120,000 after buying an additional 1,330 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) traded down 0.161% during midday trading on Tuesday, hitting $40.275. 1,699,616 shares of the stock traded hands. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18. The company has a market cap of $189.83 billion, a price-to-earnings ratio of 20.290 and a beta of 1.01. The stock has a 50-day moving average of $39.96 and a 200-day moving average of $39.02.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same quarter last year, the firm posted $0.83 earnings per share. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors 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 annualized dividend and a yield of 1.56%. Comcast Corporation’s payout ratio is 31.74%.
Several equities analysts recently commented on CMCSA shares. UBS AG reiterated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Credit Suisse Group upped their price target on shares of Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the company a “buy” rating in a report on Friday, July 14th. Pivotal Research reiterated a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a report on Tuesday, June 27th. Finally, ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $45.69.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.28% of the company’s stock.
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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