Comcast Co. (CMCSA) Position Trimmed by Tesco Pension Investment Ltd
Tesco Pension Investment Ltd lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,636,811 shares of the cable giant’s stock after selling 862,042 shares during the period. Comcast accounts for approximately 3.1% of Tesco Pension Investment Ltd’s holdings, making the stock its 15th biggest holding. Tesco Pension Investment Ltd owned 0.08% of Comcast worth $119,324,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in CMCSA. WP Advisors LLC bought a new stake in shares of Comcast during the 2nd quarter valued at $105,000. IMA Wealth Inc. bought a new position in Comcast in the 2nd quarter worth about $108,000. Prentiss Smith & Co. Inc. boosted its stake in Comcast by 229.5% in the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares in the last quarter. Rainier Group Investment Advisory LLC bought a new position in Comcast in the 1st quarter worth about $146,000. Finally, Private Ocean LLC boosted its stake in Comcast by 4,296.0% in the 1st quarter. Private Ocean LLC now owns 4,396 shares of the cable giant’s stock worth $150,000 after purchasing an additional 4,296 shares in the last quarter. Institutional investors and hedge funds own 80.32% of the company’s stock.
In other Comcast news, SVP Daniel C. Murdock sold 1,694 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $31.05, for a total value of $52,598.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.31% of the stock is currently owned by insiders.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. Comcast had a return on equity of 15.92% and a net margin of 27.42%. The business had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.85 billion. During the same quarter in the previous year, the firm earned $0.52 EPS. Comcast’s revenue was up 2.1% on a year-over-year basis. sell-side analysts forecast that Comcast Co. will post 2.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.
CMCSA has been the topic of a number of analyst reports. Pivotal Research reiterated a “buy” rating and issued a $48.00 price target on shares of Comcast in a research note on Monday, July 30th. KeyCorp initiated coverage on shares of Comcast in a research note on Wednesday, May 16th. They issued a “buy” rating and a $38.00 price target on the stock. They noted that the move was a valuation call. Jefferies Financial Group initiated coverage on shares of Comcast in a research note on Thursday, June 7th. They issued a “buy” rating and a $41.00 price target on the stock. Macquarie set a $35.00 price target on shares of Comcast and gave the stock a “hold” rating in a research note on Wednesday, May 23rd. Finally, BidaskClub upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, June 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.79.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.
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