Comcast Corporation (CMCSA) Position Raised by Omnia Family Wealth LLC
Omnia Family Wealth LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,276 shares of the cable giant’s stock after acquiring an additional 471 shares during the period. Omnia Family Wealth LLC’s holdings in Comcast Corporation were worth $636,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Connecticut Wealth Management LLC lifted its holdings in Comcast Corporation by 103.0% in the 1st quarter. Connecticut Wealth Management LLC now owns 6,578 shares of the cable giant’s stock valued at $246,000 after purchasing an additional 3,337 shares in the last quarter. Clarius Group LLC grew its holdings in Comcast Corporation by 99.2% during the first quarter. Clarius Group LLC now owns 8,009 shares of the cable giant’s stock worth $301,000 after acquiring an additional 3,989 shares during the period. Autus Asset Management LLC grew its holdings in Comcast Corporation by 78.2% during the first quarter. Autus Asset Management LLC now owns 9,600 shares of the cable giant’s stock worth $361,000 after acquiring an additional 4,214 shares during the period. HGK Asset Management Inc. boosted its position in Comcast Corporation by 78.5% during the 1st quarter. HGK Asset Management Inc. now owns 371,228 shares of the cable giant’s stock worth $13,954,000 after acquiring an additional 163,244 shares during the period. Finally, Haverford Trust Co. boosted its position in Comcast Corporation by 117.5% during the 1st quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after acquiring an additional 1,783,436 shares during the period. 81.60% of the stock is owned by institutional investors and hedge funds.
CMCSA has been the topic of several recent analyst reports. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Finally, Argus increased their price target on Comcast Corporation from $44.00 to $48.00 and gave the stock 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 stock. Comcast Corporation presently has a consensus rating of “Buy” and a consensus target price of $45.84.
In related news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on 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 directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by company insiders.
Comcast Corporation (NASDAQ CMCSA) opened at $36.16 on Monday. 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 has a 12 month low of $33.97 and a 12 month high of $42.18. The firm has a market cap of $169,000.00, a price-to-earnings ratio of 17.94, a PEG ratio of 1.91 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The company’s revenue was down 1.6% on a year-over-year basis. research analysts predict that Comcast Corporation will post 2.06 earnings per share for the current 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is 29.72%.
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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