South Texas Money Management Ltd. bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,484 shares of the cable giant’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Armor Investment Advisors LLC raised its stake in Comcast by 100.0% in the first quarter. Armor Investment Advisors LLC now owns 6,474 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 3,237 shares in the last quarter. Pioneer Investment Management Inc. raised its stake in Comcast by 128.0% in the first quarter. Pioneer Investment Management Inc. now owns 4,329,956 shares of the cable giant’s stock valued at $162,763,000 after purchasing an additional 2,430,497 shares in the last quarter. Fairfield Bush & CO. raised its stake in Comcast by 76.2% in the first quarter. Fairfield Bush & CO. now owns 17,800 shares of the cable giant’s stock valued at $669,000 after purchasing an additional 7,700 shares in the last quarter. Jaffetilchin Investment Partners LLC raised its stake in Comcast by 113.7% in the first quarter. Jaffetilchin Investment Partners LLC now owns 7,489 shares of the cable giant’s stock valued at $282,000 after purchasing an additional 3,985 shares in the last quarter. Finally, Zweig DiMenna Associates LLC raised its stake in Comcast by 148.1% in the first quarter. Zweig DiMenna Associates LLC now owns 720,525 shares of the cable giant’s stock valued at $27,085,000 after purchasing an additional 430,086 shares in the last quarter. 82.51% of the stock is owned by institutional investors.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the company’s 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 sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, 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.

Several research analysts have commented on the company. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 target price for the company. Robert W. Baird reissued a “buy” rating and set a $43.00 target price on shares of Comcast in a research note on Friday, November 17th. OTR Global downgraded Comcast to a “positive” rating in a research note on Monday, October 30th. Nomura lowered their target price on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Barclays lowered their target price on Comcast 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-seven have assigned a buy rating to the stock. Comcast has an average rating of “Buy” and a consensus price target of $45.93.

Shares of Comcast Corporation (CMCSA) opened at $38.43 on Friday. The firm has a market capitalization of $175,453.38, a PE ratio of 18.63, a PEG ratio of 1.79 and a beta of 1.01. 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 twelve month low of $34.03 and a twelve month high of $42.18.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. research analysts anticipate that Comcast Corporation will post 2.06 EPS for the current year.

The business 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. This represents a $0.63 annualized dividend and a yield of 1.63%. The ex-dividend date is Tuesday, January 2nd. Comcast’s payout ratio is presently 30.36%.

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Comcast 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.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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