AT Bancorp lowered its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,657 shares of the cable giant’s stock after selling 5 shares during the period. AT Bancorp’s holdings in Comcast Corporation were worth $959,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 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 worth $100,000 after acquiring an additional 1,340 shares in the last quarter. Zions Bancorporation raised its holdings in shares of Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares in the last quarter. First Bank & Trust raised its holdings in shares of Comcast Corporation by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Comcast Corporation during the first quarter worth $112,000. Finally, Founders Capital Management purchased a new stake in shares of Comcast Corporation during the first quarter worth $113,000. Institutional investors own 81.93% of the company’s stock.
Several analysts recently issued reports on the company. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub lowered Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Instinet reiterated a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company reiterated an “outperform” rating and set a $44.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $45.83.
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Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 38.01 on Friday. The stock has a 50 day moving average price of $38.94 and a 200 day moving average price of $39.22. 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 $179.16 billion, a P/E ratio of 19.15 and a beta of 0.98.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.04. The company 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. On average, analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.
The company 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 $0.1575 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.66%. Comcast Corporation’s payout ratio is 31.74%.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is owned by insiders.
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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