Guinness Asset Management Ltd maintained its position in shares of Comcast Corporation (NASDAQ:CMCSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,820 shares of the cable giant’s stock at the end of the second quarter. Guinness Asset Management Ltd’s holdings in Comcast Corporation were worth $3,107,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Patriot Financial Group Insurance Agency LLC increased its holdings in Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares during the last quarter. Zions Bancorporation increased its holdings in Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in Comcast Corporation during the first quarter valued at approximately $112,000. Founders Capital Management purchased a new stake in Comcast Corporation during the first quarter valued at approximately $113,000. Finally, Pacific Center for Financial Services increased its holdings in Comcast Corporation by 133.0% during the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after buying an additional 1,788 shares during the last quarter. 82.02% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on CMCSA. Moffett Nathanson cut shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Tuesday, June 20th. ValuEngine cut shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.83.
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Shares of Comcast Corporation (NASDAQ CMCSA) traded down 1.78% during trading on Friday, hitting $36.93. 62,370,131 shares of the company were exchanged. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm has a market capitalization of $174.06 billion, a PE ratio of 18.60 and a beta of 1.01. The firm’s 50-day moving average price is $40.00 and its 200 day moving average price is $39.17.
Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, equities research analysts expect that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.28% of the stock is owned by corporate insiders.
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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