Comcast Corporation (CMCSA) Holdings Trimmed by Verde Servicos Internacionais S.A.
Verde Servicos Internacionais S.A. decreased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 28.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 419,811 shares of the cable giant’s stock after selling 163,210 shares during the period. Comcast Corporation accounts for 3.6% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 6th biggest holding. Verde Servicos Internacionais S.A.’s holdings in Comcast Corporation were worth $16,339,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Park National Corp OH lifted its position in Comcast Corporation by 1.0% during the 2nd quarter. Park National Corp OH now owns 80,833 shares of the cable giant’s stock worth $3,147,000 after acquiring an additional 839 shares during the last quarter. Grassi Investment Management lifted its position in Comcast Corporation by 0.7% during the 2nd quarter. Grassi Investment Management now owns 195,256 shares of the cable giant’s stock worth $7,599,000 after acquiring an additional 1,300 shares during the last quarter. M Holdings Securities Inc. lifted its position in Comcast Corporation by 73.1% during the 1st quarter. M Holdings Securities Inc. now owns 8,223 shares of the cable giant’s stock worth $309,000 after acquiring an additional 3,473 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Comcast Corporation by 64.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,144,750 shares of the cable giant’s stock worth $43,031,000 after acquiring an additional 450,059 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Comcast Corporation by 55.4% during the 1st quarter. Nuveen Asset Management LLC now owns 1,648,846 shares of the cable giant’s stock worth $61,980,000 after acquiring an additional 588,103 shares during the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.
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In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.28% of the stock is currently owned by insiders.
Shares of Comcast Corporation (CMCSA) traded up 0.515% during mid-day trading on Wednesday, reaching $38.095. 12,678,828 shares of the company’s stock traded hands. The stock has a market cap of $179.56 billion, a PE ratio of 19.191 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 firm has a 50 day moving average price of $40.17 and a 200-day moving average price of $39.19.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’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 company earned $0.83 EPS. On average, analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal 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 1.66%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is presently 31.74%.
A number of research analysts have recently commented on CMCSA shares. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus upped their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research report on Sunday, July 9th. Finally, Bank of America Corporation upped their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Comcast Corporation presently has an average rating of “Buy” and a consensus price target of $45.83.
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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