Comcast Corporation (CMCSA) Shares Bought by Weik Investment Services Inc.
Weik Investment Services Inc. increased its position in Comcast Corporation (NASDAQ:CMCSA) by 97.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,533 shares of the cable giant’s stock after purchasing an additional 72,266 shares during the quarter. Comcast Corporation accounts for 2.9% of Weik Investment Services Inc.’s portfolio, making the stock its 6th largest position. Weik Investment Services Inc.’s holdings in Comcast Corporation were worth $5,508,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its stake in Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after acquiring an additional 1,340 shares during the last quarter. OLD Second National Bank of Aurora boosted its stake in Comcast Corporation by 56.5% during the 1st quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after acquiring an additional 973 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Comcast Corporation during the 1st quarter valued at $112,000. Founders Capital Management bought a new position in Comcast Corporation during the 1st quarter valued at $113,000. Finally, Armbruster Capital Management Inc. boosted its stake in Comcast Corporation by 100.0% during the 1st quarter. Armbruster Capital Management Inc. now owns 3,212 shares of the cable giant’s stock valued at $121,000 after acquiring an additional 1,606 shares during the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.
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A number of research firms have commented on CMCSA. UBS Group AG reiterated an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research note on Friday. Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Instinet reiterated a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $45.83.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.28% of the company’s stock.
Comcast Corporation (CMCSA) traded up 1.11% during mid-day trading on Monday, hitting $41.06. 11,343,395 shares of the company were exchanged. The company has a market cap of $193.53 billion, a price-to-earnings ratio of 20.69 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The stock’s 50 day moving average is $40.20 and its 200-day moving average is $39.12.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The firm had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.83 EPS. Equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a yield of 1.53%. Comcast Corporation’s dividend payout ratio is currently 31.74%.
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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