Comcast Corporation (CMCSA) Stake Raised by Russell Investments Group Ltd.
Russell Investments Group Ltd. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,830,172 shares of the cable giant’s stock after buying an additional 525,226 shares during the period. Russell Investments Group Ltd. owned 0.12% of Comcast Corporation worth $226,938,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sabal Trust CO increased its stake in shares of Comcast Corporation 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. Tributary Capital Management LLC increased its stake in shares of Comcast Corporation by 0.3% in the second quarter. Tributary Capital Management LLC now owns 28,900 shares of the cable giant’s stock valued at $1,125,000 after buying an additional 100 shares during the period. Union Bankshares Corp increased its stake in shares of Comcast Corporation 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. increased its stake in shares of Comcast Corporation 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. Finally, E&G Advisors LP increased its stake in shares of Comcast Corporation by 0.5% in the second quarter. E&G Advisors LP now owns 61,162 shares of the cable giant’s stock valued at $2,380,000 after buying an additional 290 shares during the period. 82.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 0.380% during trading on Thursday, reaching $40.665. 5,023,184 shares of the company were exchanged. The firm’s 50 day moving average price is $39.96 and its 200 day moving average price is $39.02. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a market capitalization of $191.67 billion, a PE ratio of 20.486 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The business 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 $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.
Several brokerages have commented on CMCSA. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Argus raised their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Finally, ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast Corporation currently has an average rating of “Buy” and an average price target of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.28% of the company’s stock.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Stock Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related stocks with our FREE daily email newsletter.