Baker Ellis Asset Management LLC Buys 900 Shares of Comcast Corporation (CMCSA)
Baker Ellis Asset Management LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,281 shares of the cable giant’s stock after buying an additional 900 shares during the period. Baker Ellis Asset Management LLC’s holdings in Comcast Corporation were worth $1,677,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Seminole Management Co. Inc. boosted its position in shares of Comcast Corporation by 37.7% in the third quarter. Seminole Management Co. Inc. now owns 157,544 shares of the cable giant’s stock valued at $10,451,000 after buying an additional 43,094 shares during the last quarter. Intermede Investment Partners Ltd boosted its position in shares of Comcast Corporation by 2.1% in the second quarter. Intermede Investment Partners Ltd now owns 854,654 shares of the cable giant’s stock worth $55,715,000 after buying an additional 17,312 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Comcast Corporation during the second quarter worth about $15,483,000. Putnam FL Investment Management Co. boosted its position in shares of Comcast Corporation by 2.6% in the third quarter. Putnam FL Investment Management Co. now owns 292,220 shares of the cable giant’s stock worth $19,386,000 after buying an additional 7,491 shares in the last quarter. Finally, Williams Jones & Associates LLC boosted its position in shares of Comcast Corporation by 0.6% in the second quarter. Williams Jones & Associates LLC now owns 940,251 shares of the cable giant’s stock worth $61,295,000 after buying an additional 5,307 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 72.77 on Friday. The firm has a market cap of $174.13 billion, a price-to-earnings ratio of 21.35 and a beta of 1.11. Comcast Corporation has a 52 week low of $52.34 and a 52 week high of $72.94. The firm’s 50 day moving average is $69.63 and its 200-day moving average is $66.56.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, October 26th. The cable giant reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.01. The business earned $21.32 billion during the quarter, compared to the consensus estimate of $21.11 billion. Comcast Corporation had a net margin of 10.65% and a return on equity of 15.22%. Comcast Corporation’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 earnings per share. Equities research analysts predict that Comcast Corporation will post $3.49 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 25th. Investors of record on Wednesday, January 4th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, December 30th. Comcast Corporation’s dividend payout ratio (DPR) is 32.26%.
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CMCSA has been the topic of a number of recent research reports. Jefferies Group reissued a “buy” rating and issued a $77.00 target price on shares of Comcast Corporation in a report on Friday, October 7th. Macquarie raised Comcast Corporation from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $69.00 to $77.00 in a report on Monday, October 24th. Barclays PLC reaffirmed an “overweight” rating and set a $70.00 price target on shares of Comcast Corporation in a report on Thursday, September 22nd. Argus reaffirmed a “buy” rating and set a $81.00 price target on shares of Comcast Corporation in a report on Tuesday, September 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on shares of Comcast Corporation in a report on Sunday, September 25th. Twenty equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Comcast Corporation presently has a consensus rating of “Buy” and a consensus target price of $75.46.
In other Comcast Corporation news, EVP Neil Smit sold 15,121 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $69.57, for a total value of $1,051,967.97. Following the completion of the sale, the executive vice president now owns 62,208 shares of the company’s stock, valued at $4,327,810.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David L. Cohen sold 20,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $65.01, for a total transaction of $1,306,701.00. Following the completion of the sale, the executive vice president now directly owns 257,120 shares of the company’s stock, valued at approximately $16,715,371.20. The disclosure for this sale can be found here. Corporate insiders own 1.27% of the company’s stock.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. Its Comcast Cable business operates in Cable Communications segment. Its NBCUniversal business consists of four segments, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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