Comcast Corporation (CMCSA) Shares Bought by Telemus Capital LLC
Telemus Capital LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 63.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,869 shares of the cable giant’s stock after purchasing an additional 8,867 shares during the quarter. Telemus Capital LLC’s holdings in Comcast Corporation were worth $890,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. United States Steel & Carnegie Pension Fund grew its position in shares of Comcast Corporation by 100.0% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock worth $42,334,000 after buying an additional 563,108 shares during the period. Waldron LP grew its position in shares of Comcast Corporation by 191.1% in the 1st quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock worth $1,767,000 after buying an additional 30,777 shares during the period. Shell Asset Management Co. grew its position in shares of Comcast Corporation by 100.7% in the 1st quarter. Shell Asset Management Co. now owns 788,628 shares of the cable giant’s stock worth $29,645,000 after buying an additional 395,634 shares during the period. Sumitomo Life Insurance Co. grew its position in shares of Comcast Corporation by 89.8% in the 1st quarter. Sumitomo Life Insurance Co. now owns 207,063 shares of the cable giant’s stock worth $7,783,000 after buying an additional 97,961 shares during the period. Finally, 1ST Source Bank grew its position in shares of Comcast Corporation by 95.7% in the 1st quarter. 1ST Source Bank now owns 28,635 shares of the cable giant’s stock worth $1,076,000 after buying an additional 14,000 shares during the period. 81.93% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation 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 owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock worth $385,050 in the last 90 days. Insiders own 1.28% of the company’s stock.
A number of analysts have recently weighed in on CMCSA shares. KeyCorp reaffirmed a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus upped their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $45.83.
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Comcast Corporation (CMCSA) opened at 38.59 on Thursday. The firm’s 50-day moving average is $39.08 and its 200 day moving average is $39.22. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market cap of $181.89 billion, a PE ratio of 19.44 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently declared 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 is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.63%. Comcast Corporation’s payout ratio is 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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