Oppenheimer & Co. Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 44.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,043 shares of the cable giant’s stock after buying an additional 85,576 shares during the period. Oppenheimer & Co. Inc.’s holdings in Comcast Corporation were worth $10,527,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Boston Partners raised its stake in shares of Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock valued at $626,233,000 after buying an additional 9,739,468 shares during the period. Haverford Trust Co. raised its stake in shares of Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock valued at $124,114,000 after buying an additional 1,783,436 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock valued at $6,416,000 after buying an additional 74,290 shares during the period. Whittier Trust Co. raised its stake in shares of Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock valued at $10,847,000 after buying an additional 145,515 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of Comcast Corporation by 111.0% in the first quarter. Gabelli Funds LLC now owns 1,810,200 shares of the cable giant’s stock valued at $68,045,000 after buying an additional 952,100 shares during the period. 82.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Corporation (NASDAQ:CMCSA) traded up 0.258% on Friday, hitting $40.835. The company’s stock had a trading volume of 4,541,577 shares. Comcast Corporation has a 12 month low of $30.02 and a 12 month high of $42.18. The firm has a market cap of $192.47 billion, a price-to-earnings ratio of 20.572 and a beta of 1.01. The firm has a 50 day moving average of $39.44 and a 200 day moving average of $38.74.

Comcast Corporation (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. Comcast Corporation’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. Equities research analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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A number of equities research analysts have recently weighed in on CMCSA shares. Argus boosted their target price on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Wunderlich boosted their target price on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Pivotal Research reissued a “buy” rating and issued a $48.00 target price on shares of Comcast Corporation in a research note on Tuesday, June 27th. Finally, Bank of America Corporation boosted their target price on Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, June 30th. Two 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 presently has an average rating of “Buy” and a consensus price target of $45.69.

In other Comcast Corporation news, Director Kenneth J. Bacon sold 7,500 shares of Comcast Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the transaction, the director now directly owns 26,812 shares of the company’s stock, valued at $1,085,886. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The disclosure for this sale can be found here. 1.28% of the stock is currently owned by insiders.

Comcast Corporation Company 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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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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