Comcast Corporation (CMCSA) Stake Boosted by Northstar Wealth Partners LLC

Northstar Wealth Partners LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 30.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,319 shares of the cable giant’s stock after purchasing an additional 1,699 shares during the period. Northstar Wealth Partners LLC’s holdings in Comcast Corporation were worth $283,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CMCSA. Financial Consulate Inc. grew its position in Comcast Corporation by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after buying an additional 30 shares in the last quarter. Peoples Bank OH grew its position in Comcast Corporation by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after buying an additional 59 shares in the last quarter. Sabal Trust CO grew its position in Comcast Corporation by 0.6% during the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock worth $559,000 after buying an additional 79 shares in the last quarter. Tributary Capital Management LLC grew its position in Comcast Corporation by 0.3% during the second quarter. Tributary Capital Management LLC now owns 28,900 shares of the cable giant’s stock worth $1,125,000 after buying an additional 100 shares in the last quarter. Finally, Union Bankshares Corp grew its position in Comcast Corporation by 1.2% during the second quarter. Union Bankshares Corp now owns 8,743 shares of the cable giant’s stock worth $340,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 81.93% of the company’s stock.

A number of equities research analysts recently weighed in on CMCSA shares. KeyCorp reissued a “neutral” rating on shares of Comcast Corporation in a research report on Sunday, September 17th. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus lifted their target price on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Finally, Robert W. Baird reissued a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.83.

In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the stock in a transaction that occurred 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 sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock worth $385,050 in the last quarter. 1.28% of the stock is currently owned by company insiders.

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Comcast Corporation (NASDAQ:CMCSA) opened at 38.01 on Friday. The stock has a 50 day moving average of $38.94 and a 200-day moving average of $39.22. The company has a market cap of $179.16 billion, a PE ratio of 19.15 and a beta of 0.98. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for 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 for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. On average, equities research analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. Comcast Corporation’s dividend payout ratio is 31.74%.

About Comcast Corporation

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 Corporation (NASDAQ:CMCSA)

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