Whalerock Point Partners LLC Acquires 745 Shares of Comcast Corporation (CMCSA)
Whalerock Point Partners LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,955 shares of the cable giant’s stock after purchasing an additional 745 shares during the period. Whalerock Point Partners LLC’s holdings in Comcast Corporation were worth $1,477,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp lifted its stake in shares of Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after buying an additional 29,199,805 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Comcast Corporation by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in shares of Comcast Corporation by 56.9% during the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after buying an additional 12,625,830 shares during the period. 81.88% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on CMCSA shares. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research note on Wednesday, October 4th. 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 note on Friday, August 4th. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Barclays PLC set a $44.00 price objective on shares of Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $45.84.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $36.39 on Wednesday. The firm has a market cap of $166,105.83, a price-to-earnings ratio of 17.64, a P/E/G ratio of 1.84 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $30.52 and a fifty-two week high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. equities analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 dividend on an annualized basis and a yield of 1.73%. Comcast Corporation’s dividend payout ratio (DPR) is 30.36%.
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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