Braun Stacey Associates Inc. Has $14.17 Million Holdings in Comcast Corporation (CMCSA)
Braun Stacey Associates Inc. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 364,195 shares of the cable giant’s stock after selling 16,895 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Comcast Corporation were worth $14,174,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in CMCSA. WINTON GROUP Ltd grew its holdings in Comcast Corporation by 573.3% during the first quarter. WINTON GROUP Ltd now owns 219,526 shares of the cable giant’s stock worth $14,563,000 after acquiring an additional 186,920 shares during the period. Boston Partners raised its position in Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after acquiring an additional 9,739,468 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Comcast Corporation by 100.9% in the first quarter. Artisan Partners Limited Partnership now owns 899,227 shares of the cable giant’s stock worth $33,802,000 after acquiring an additional 451,551 shares in the last quarter. Tower Bridge Advisors raised its position in Comcast Corporation by 10.1% in the second quarter. Tower Bridge Advisors now owns 142,129 shares of the cable giant’s stock worth $5,532,000 after acquiring an additional 13,003 shares in the last quarter. Finally, Haverford Trust Co. raised its position in Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after acquiring an additional 1,783,436 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.
In other Comcast Corporation news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation 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 completion of the transaction, 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. Over the last quarter, insiders sold 9,982 shares of company stock worth $385,050. 1.28% of the stock is owned by company insiders.
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Comcast Corporation (CMCSA) opened at 38.48 on Monday. The stock has a market capitalization of $181.37 billion, a PE ratio of 19.39 and a beta of 0.98. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The stock’s 50 day moving average is $39.84 and its 200-day moving average is $39.19.
Comcast Corporation (NASDAQ:CMCSA) last announced its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio (DPR) is presently 31.74%.
A number of equities research analysts have commented on the company. Argus raised their target price on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a report on Friday, August 4th. Instinet reaffirmed a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Robert W. Baird reaffirmed an “outperform” rating on shares of Comcast Corporation in a research note on Wednesday, September 20th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $44.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Bank of America Corporation increased their price target on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, June 30th. Three investment 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 an average rating of “Buy” and a consensus price target of $45.83.
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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