Comcast Corporation (CMCSA) Holdings Cut by Riverhead Capital Management LLC
Riverhead Capital Management LLC trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 13.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,916 shares of the cable giant’s stock after selling 14,722 shares during the period. Riverhead Capital Management LLC’s holdings in Comcast Corporation were worth $3,811,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after buying an additional 1,340 shares in the last quarter. First Bank & Trust lifted its stake in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares in the last quarter. Zions Bancorporation lifted its stake in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares in the last quarter. Founders Capital Management purchased a new position in shares of Comcast Corporation in the first quarter worth about $113,000. Finally, Pacific Center for Financial Services lifted its stake in shares of Comcast Corporation by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock worth $118,000 after buying an additional 1,788 shares in the last quarter. 81.60% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the stock. Buckingham Research assumed coverage on shares of Comcast Corporation in a research note on Monday. They issued an “outperform” rating on the stock. Robert W. Baird reissued a “buy” rating and issued a $43.00 price target on shares of Comcast Corporation in a research note on Friday. OTR Global downgraded shares of Comcast Corporation to a “positive” rating in a research note on Monday, October 30th. Nomura decreased their price target on shares of Comcast Corporation from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Finally, Barclays PLC decreased their price target on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $45.84.
Comcast Corporation (NASDAQ CMCSA) opened at $35.83 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. The firm has a market cap of $168,540.00, a P/E ratio of 17.94, a P/E/G ratio of 1.91 and a beta of 1.00. Comcast Corporation has a twelve month low of $33.99 and a twelve month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. research analysts expect that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio (DPR) is currently 29.72%.
In related 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 completion of the transaction, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction that occurred on Friday, September 15th. The shares were 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 of the company’s stock, valued at approximately $916,096.60. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
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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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