Comcast Corporation (CMCSA) Position Held by Cubic Asset Management LLC
Cubic Asset Management LLC continued to hold its position in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,870 shares of the cable giant’s stock at the close of the second quarter. Cubic Asset Management LLC’s holdings in Comcast Corporation were worth $773,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Sabal Trust CO raised its position in 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 purchasing an additional 79 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Comcast Corporation by 0.3% during the second quarter. Tributary Capital Management LLC now owns 28,900 shares of the cable giant’s stock worth $1,125,000 after acquiring an additional 100 shares during the last quarter. Union Bankshares Corp raised its position in shares of Comcast Corporation by 1.2% during the second quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock worth $340,000 after acquiring an additional 101 shares during the last quarter. City Holding Co. raised its position in shares of Comcast Corporation by 4.4% during the second quarter. City Holding Co. now owns 5,572 shares of the cable giant’s stock worth $217,000 after acquiring an additional 236 shares during the last quarter. Finally, E&G Advisors LP raised its position in shares of Comcast Corporation by 0.5% during the second quarter. E&G Advisors LP now owns 61,162 shares of the cable giant’s stock worth $2,380,000 after acquiring an additional 290 shares during the last quarter. Hedge funds and other institutional investors own 82.02% of the company’s stock.
CMCSA has been the subject of a number of analyst reports. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Pivotal Research restated a “buy” rating and set a $48.00 price objective on shares of Comcast Corporation in a research report on Tuesday, June 27th. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Comcast Corporation in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.83.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 37.83 on Tuesday. The firm has a market cap of $178.31 billion, a PE ratio of 19.06 and a beta of 1.01. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The firm has a 50-day moving average price of $40.29 and a 200-day moving average price of $39.20.
Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 725 shares of the company’s stock, valued at approximately $28,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.28% of the stock is currently owned by corporate 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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