Guyasuta Investment Advisors Inc. Has $4.85 Million Stake in Comcast Corporation (CMCSA)
Guyasuta Investment Advisors Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 99.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 129,010 shares of the cable giant’s stock after buying an additional 64,465 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Comcast Corporation were worth $4,849,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Oxbow Advisors LLC raised its stake in shares of Comcast Corporation by 7.9% in the first quarter. Oxbow Advisors LLC now owns 5,496 shares of the cable giant’s stock worth $207,000 after buying an additional 403 shares in the last quarter. Wade G W & Inc. raised its stake in shares of Comcast Corporation by 4.8% in the first quarter. Wade G W & Inc. now owns 10,718 shares of the cable giant’s stock worth $403,000 after buying an additional 491 shares in the last quarter. Scout Investments Inc. raised its stake in shares of Comcast Corporation by 17.3% in the first quarter. Scout Investments Inc. now owns 4,893 shares of the cable giant’s stock worth $299,000 after buying an additional 721 shares in the last quarter. OLD Second National Bank of Aurora raised its stake 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. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of Comcast Corporation by 49.8% in the first quarter. Independent Portfolio Consultants Inc. now owns 3,639 shares of the cable giant’s stock worth $137,000 after buying an additional 1,209 shares in the last quarter. 82.02% of the stock is currently owned by institutional investors and hedge funds.
Comcast Corporation (NASDAQ CMCSA) traded down 0.49% during trading on Thursday, hitting $40.62. The stock had a trading volume of 3,498,569 shares. 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 52-week low of $30.02 and a 52-week high of $42.18. The company has a market cap of $191.46 billion, a price-to-earnings ratio of 20.46 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.54%. Comcast Corporation’s payout ratio is currently 31.74%.
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Several research firms recently weighed in on CMCSA. Morgan Stanley restated an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Goldman Sachs Group Inc restated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Credit Suisse Group lifted their price target on Comcast Corporation from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and set a $47.00 price target on shares of Comcast Corporation in a research report on Friday, July 7th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a research report on Sunday, July 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and an average target price of $45.69.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the firm’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 owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.28% of the stock is owned by company insiders.
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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