Marvin & Palmer Associates Inc. lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 29.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,640 shares of the cable giant’s stock after acquiring an additional 24,300 shares during the quarter. Comcast Corporation accounts for approximately 3.1% of Marvin & Palmer Associates Inc.’s portfolio, making the stock its 18th largest holding. Marvin & Palmer Associates Inc.’s holdings in Comcast Corporation were worth $4,112,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Fiduciary Trust Co. increased its stake in shares of Comcast Corporation by 14.8% during the second quarter. Fiduciary Trust Co. now owns 330,088 shares of the cable giant’s stock worth $12,847,000 after acquiring an additional 42,437 shares during the period. Veritas Investment Management LLP increased its stake in shares of Comcast Corporation by 6.0% during the second quarter. Veritas Investment Management LLP now owns 1,763,544 shares of the cable giant’s stock worth $68,646,000 after acquiring an additional 99,653 shares during the period. Quinn Opportunity Partners LLC increased its stake in shares of Comcast Corporation by 97.6% during the second quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock worth $1,892,000 after acquiring an additional 24,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Comcast Corporation by 25.6% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 211,838 shares of the cable giant’s stock worth $8,245,000 after acquiring an additional 43,210 shares during the period. Finally, Calamos Wealth Management LLC increased its stake in shares of Comcast Corporation by 1.2% during the second quarter. Calamos Wealth Management LLC now owns 246,022 shares of the cable giant’s stock worth $9,575,000 after acquiring an additional 2,902 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $36.86 on Wednesday. The firm has a market cap of $174,097.97, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.93 and a beta of 1.00. Comcast Corporation has a fifty-two week low of $33.28 and a fifty-two week high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating 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 Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. equities analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is currently 30.36%.
Several research analysts have weighed in on the stock. Argus upped their target price on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Royal Bank Of Canada restated a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a research report on Wednesday, October 18th. KeyCorp restated a “hold” rating on shares of Comcast Corporation in a research report on Tuesday, October 17th. OTR Global lowered shares of Comcast Corporation to a “positive” rating in a research report on Monday, October 30th. Finally, Robert W. Baird restated an “outperform” rating on shares of Comcast Corporation in a research report on Wednesday, September 20th. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $45.84.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the firm’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 directly owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Corporation (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.