Baxter Bros Inc. Has $14.04 Million Stake in Comcast Corporation (CMCSA)
Baxter Bros Inc. decreased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 360,730 shares of the cable giant’s stock after selling 1,055 shares during the quarter. Comcast Corporation accounts for approximately 4.2% of Baxter Bros Inc.’s holdings, making the stock its 5th biggest holding. Baxter Bros Inc.’s holdings in Comcast Corporation were worth $14,040,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd grew its holdings in shares of Comcast Corporation by 573.3% in the 1st quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after purchasing an additional 186,920 shares during the last quarter. Boston Partners grew its holdings in shares of Comcast Corporation by 140.7% in the 1st quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after purchasing an additional 9,739,468 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Comcast Corporation by 100.9% in the 1st quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after purchasing an additional 451,551 shares during the last quarter. Tower Bridge Advisors grew its holdings in shares of Comcast Corporation by 10.1% in the 2nd quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after purchasing an additional 13,003 shares during the last quarter. Finally, Haverford Trust Co. grew its holdings in shares of Comcast Corporation by 117.5% in the 1st quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after purchasing an additional 1,783,436 shares during the last quarter. Institutional investors own 81.93% of the company’s stock.
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In other 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 sale, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total value of $83,186.64. Following the sale, the director now owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,982 shares of company stock worth $385,050. Company insiders own 1.28% of the company’s stock.
Comcast Corporation (NASDAQ CMCSA) opened at 38.01 on Monday. The firm’s 50-day moving average is $38.94 and its 200-day moving average is $39.22. The firm has a market capitalization of $179.16 billion, a P/E ratio of 19.15 and a beta of 0.98. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results 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 company had revenue of $21.17 billion for 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 business’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 earnings per share. On average, equities analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.
Several equities research analysts have recently weighed in on CMCSA shares. Bank of America Corporation upped their target price on shares of Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities started coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast Corporation in a report on Sunday, July 9th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Comcast Corporation currently has a consensus rating of “Buy” and an average target price of $45.83.
Comcast Corporation Company 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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