FormulaFolio Investments LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 109.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 9,384 shares of the cable giant’s stock after buying an additional 4,901 shares during the period. FormulaFolio Investments LLC’s holdings in Comcast Corporation were worth $353,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CMCSA. A.R.T. Advisors LLC boosted its position in Comcast Corporation by 313.4% in the fourth quarter. A.R.T. Advisors LLC now owns 33,900 shares of the cable giant’s stock valued at $2,340,000 after buying an additional 25,700 shares during the last quarter. Fred Alger Management Inc. boosted its position in Comcast Corporation by 13.6% in the fourth quarter. Fred Alger Management Inc. now owns 7,288,737 shares of the cable giant’s stock valued at $503,287,000 after buying an additional 872,215 shares during the last quarter. GSA Capital Partners LLP boosted its position in Comcast Corporation by 130.7% in the fourth quarter. GSA Capital Partners LLP now owns 40,576 shares of the cable giant’s stock valued at $2,802,000 after buying an additional 22,987 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Comcast Corporation by 3.6% in the fourth quarter. First Republic Investment Management Inc. now owns 881,553 shares of the cable giant’s stock valued at $60,871,000 after buying an additional 30,518 shares during the last quarter. Finally, Intellectus Partners LLC purchased a new position in Comcast Corporation during the fourth quarter valued at $623,000. 82.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 41.11 on Friday. The stock’s 50 day moving average is $39.47 and its 200 day moving average is $38.77. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market cap of $193.77 billion, a P/E ratio of 20.71 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share. On average, analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.
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Several equities analysts have recently weighed in on the company. Argus increased their price target on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $42.00 to $46.00 in a research note on Thursday, August 3rd. Barclays PLC set a $44.00 price objective on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TD Securities assumed coverage on Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Comcast Corporation has a consensus rating of “Buy” and an average target price of $45.69.
In other news, Director Kenneth J. Bacon sold 7,500 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
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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