Jackson Wealth Management LLC Purchases New Position in Comcast Corporation (CMCSA)
Jackson Wealth Management LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,340 shares of the cable giant’s stock, valued at approximately $538,000.
A number of other hedge funds also recently bought and sold shares of CMCSA. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the period. First Bank & Trust boosted its stake in shares of Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares during the period. Zions Bancorporation boosted its stake in shares of Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares during the period. Founders Capital Management bought a new position in shares of Comcast Corporation during the 1st quarter worth approximately $113,000. Finally, Pacific Center for Financial Services boosted its stake in shares of Comcast Corporation by 133.0% during the 1st quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after acquiring an additional 1,788 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Several brokerages have recently commented on CMCSA. Robert W. Baird reiterated a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research note on Friday. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Barclays PLC reduced their target price on Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Comcast Corporation has a consensus rating of “Buy” and a consensus price target of $45.84.
Comcast Corporation (NASDAQ:CMCSA) opened at $36.16 on Friday. 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 has a fifty-two week low of $33.97 and a fifty-two week high of $42.18. The company has a market capitalization of $169,003.56, a price-to-earnings ratio of 17.95, a PEG ratio of 1.87 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly 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 return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Comcast Corporation’s revenue was down 1.6% on a year-over-year basis. research analysts expect that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be issued 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 dividend yield of 1.74%. Comcast Corporation’s dividend payout ratio (DPR) is currently 30.36%.
In other news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction 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 owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The stock was 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 approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.
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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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