Exencial Wealth Advisors LLC Acquires 1,142 Shares of Comcast Corporation (CMCSA)
Exencial Wealth Advisors LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,844 shares of the cable giant’s stock after purchasing an additional 1,142 shares during the period. Exencial Wealth Advisors LLC’s holdings in Comcast Corporation were worth $383,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CMCSA. State Street Corp lifted its stake in shares of Comcast Corporation by 97.6% in the 1st quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC increased its holdings in Comcast Corporation by 97.6% in the 1st quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Comcast Corporation by 95.7% in the 1st quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Comcast Corporation by 56.9% in the 1st quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock worth $1,308,129,000 after acquiring an additional 12,625,830 shares in the last quarter. Finally, Egerton Capital UK LLP increased its holdings in Comcast Corporation by 87.3% in the 1st quarter. Egerton Capital UK LLP now owns 21,463,447 shares of the cable giant’s stock worth $806,811,000 after acquiring an additional 10,003,433 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
CMCSA has been the subject of several analyst reports. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Barclays PLC reduced their target price on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Comcast Corporation in a report on Tuesday, October 17th. ValuEngine lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Comcast Corporation presently has a consensus rating of “Buy” and an average target price of $45.84.
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In other Comcast Corporation news, 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 transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $37.07 on Friday. Comcast Corporation has a 52-week low of $33.40 and a 52-week high of $42.18. The firm has a market capitalization of $173,770.81, a price-to-earnings ratio of 18.45, a PEG ratio of 1.93 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. equities research analysts predict that Comcast Corporation will post 2.06 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders 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 annualized dividend and a dividend yield of 1.69%. Comcast Corporation’s dividend payout ratio is currently 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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