JHL Capital Group LLC Buys Shares of 300,000 Comcast Corporation (CMCSA)
JHL Capital Group LLC bought a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 300,000 shares of the cable giant’s stock, valued at approximately $11,676,000. Comcast comprises about 2.3% of JHL Capital Group LLC’s investment portfolio, making the stock its 5th largest holding.
Several other hedge funds have also added to or reduced their stakes in CMCSA. Sciencast Management LP bought a new stake in shares of Comcast during the 2nd quarter valued at about $1,375,000. Southpoint Capital Advisors LP bought a new stake in shares of Comcast during the 2nd quarter valued at about $136,220,000. Carret Asset Management LLC boosted its stake in shares of Comcast by 3.2% during the 2nd quarter. Carret Asset Management LLC now owns 239,940 shares of the cable giant’s stock valued at $9,338,000 after purchasing an additional 7,358 shares in the last quarter. Gotham Asset Management LLC boosted its stake in shares of Comcast by 96.8% during the 2nd quarter. Gotham Asset Management LLC now owns 939,513 shares of the cable giant’s stock valued at $36,566,000 after purchasing an additional 462,100 shares in the last quarter. Finally, Monetary Management Group Inc. boosted its stake in shares of Comcast by 1.2% during the 2nd quarter. Monetary Management Group Inc. now owns 96,446 shares of the cable giant’s stock valued at $3,754,000 after purchasing an additional 1,100 shares in the last quarter. 82.50% of the stock is currently owned by institutional investors.
CMCSA has been the subject of a number of recent research reports. Nomura lowered their price target on shares of Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a report on Sunday, September 17th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, October 18th. UBS reaffirmed an “overweight” rating on shares of Comcast in a report on Thursday, August 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $45.72.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping 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 had a net margin of 11.99% and a return on equity of 17.17%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. sell-side analysts anticipate 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. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. 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 1.63%. Comcast’s payout ratio 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 shares were 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 of the company’s stock, valued at $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 transaction of $83,186.64. Following the completion of the transaction, the director now directly owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
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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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