5,252 Shares in Comcast Corporation (CMCSA) Acquired by ARGI Investment Services LLC
ARGI Investment Services LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,252 shares of the cable giant’s stock, valued at approximately $204,000.
A number of other hedge funds also recently made changes to their positions in CMCSA. Penobscot Investment Management Company Inc. boosted its holdings in shares of Comcast Corporation by 3.0% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 98,387 shares of the cable giant’s stock valued at $3,829,000 after buying an additional 2,828 shares during the period. Biegel & Waller LLC acquired a new position in shares of Comcast Corporation in the 2nd quarter valued at about $432,000. WINTON GROUP Ltd boosted 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 valued at $14,563,000 after buying an additional 186,920 shares during the period. Artisan Partners Limited Partnership boosted 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 valued at $33,802,000 after buying an additional 451,551 shares during the period. Finally, Tower Bridge Advisors boosted 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 valued at $5,532,000 after buying an additional 13,003 shares during the period. 81.88% of the stock is owned by institutional investors.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $36.39 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a fifty-two week low of $30.52 and a fifty-two week high of $42.18. The company has a market cap of $166,105.83, a P/E ratio of 17.64, a P/E/G ratio of 1.84 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts predict that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.73%. Comcast Corporation’s payout ratio is currently 30.36%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
Several research firms have recently commented on CMCSA. 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 research report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price objective on the stock. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a research report on Monday, October 30th. Finally, Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Comcast Corporation presently has an average rating of “Buy” and an average target price of $45.84.
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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