Comcast Corporation (CMCSA) Position Raised by Clifford Swan Investment Counsel LLC
Clifford Swan Investment Counsel LLC raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 100.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,001 shares of the cable giant’s stock after buying an additional 8,001 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Comcast Corporation were worth $601,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its position 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 worth $100,000 after buying an additional 1,340 shares in the last quarter. OLD Second National Bank of Aurora boosted 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 worth $101,000 after buying an additional 973 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of Comcast Corporation during the first quarter worth approximately $112,000. MU Investments Co. Ltd. boosted 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 worth $120,000 after buying an additional 1,330 shares in the last quarter. Finally, Armbruster Capital Management Inc. boosted its position in shares of Comcast Corporation by 100.0% in the first quarter. Armbruster Capital Management Inc. now owns 3,212 shares of the cable giant’s stock worth $121,000 after buying an additional 1,606 shares in the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
Comcast Corporation (CMCSA) traded up 1.57% during midday trading on Wednesday, reaching $40.79. The company’s stock had a trading volume of 3,037,594 shares. The firm has a market cap of $192.26 billion, a price-to-earnings ratio of 20.55 and a beta of 1.01. The company’s 50-day moving average is $39.96 and its 200 day moving average is $39.02. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly 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 firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Comcast Corporation’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.57%. Comcast Corporation’s payout ratio is 31.74%.
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A number of research analysts have recently commented on CMCSA shares. Macquarie reaffirmed a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a research report on Tuesday, May 16th. Bank of America Corporation increased their price objective on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Instinet reissued a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Pivotal Research reissued a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a report on Tuesday, June 27th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and a consensus target price of $45.69.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction dated 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 directly 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 is available through this link. 1.28% of the stock is currently owned by corporate 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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