Comcast Corporation (CMCSA) Holdings Increased by National Asset Management Inc.
National Asset Management Inc. raised its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 88.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,909 shares of the cable giant’s stock after purchasing an additional 20,159 shares during the quarter. National Asset Management Inc.’s holdings in Comcast Corporation were worth $1,615,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC raised 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 purchasing an additional 1,340 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in Comcast Corporation during the 1st quarter valued at $112,000. Founders Capital Management acquired a new stake in Comcast Corporation during the 1st quarter valued at $113,000. Armbruster Capital Management Inc. raised 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 purchasing an additional 1,606 shares during the period. Finally, Mercer Capital Advisers Inc. raised its stake in Comcast Corporation by 145.3% during the 1st quarter. Mercer Capital Advisers Inc. now owns 3,250 shares of the cable giant’s stock valued at $122,000 after purchasing an additional 1,925 shares during the period. 82.02% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on CMCSA. Moffett Nathanson downgraded shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Tuesday, June 20th. ValuEngine downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research note on Friday, September 1st. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.83.
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Comcast Corporation (CMCSA) traded down 1.01% during midday trading on Friday, reaching $38.21. 53,868,234 shares of the company’s stock were exchanged. 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 $180.10 billion, a price-to-earnings ratio of 19.25 and a beta of 1.01. The firm has a 50-day moving average price of $40.27 and a 200 day moving average price of $39.17. Comcast Corporation also saw unusually large options trading activity on Thursday. Stock traders acquired 17,896 put options on the stock. This represents an increase of 209% compared to the average volume of 5,783 put options.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 EPS. Analysts anticipate 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. Stockholders of record on Wednesday, October 4th will be paid a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by insiders.
Comcast Corporation 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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