Comcast Corporation (CMCSA) Shares Bought by Princeton Capital Management Inc.
Princeton Capital Management Inc. raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 116.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,670 shares of the cable giant’s stock after buying an additional 49,271 shares during the quarter. Comcast comprises 1.8% of Princeton Capital Management Inc.’s investment portfolio, making the stock its 21st largest holding. Princeton Capital Management Inc.’s holdings in Comcast were worth $3,527,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. MPS Loria Financial Planners LLC acquired a new position in shares of Comcast during the second quarter worth approximately $107,000. Clear Perspective Advisors LLC increased its position in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares during the period. First Bank & Trust increased its position in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares during the period. Zions Bancorporation increased its position in shares of Comcast by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares during the period. Finally, Partners Capital Investment Group Holdings LLC increased its position in shares of Comcast by 100.0% during the first quarter. Partners Capital Investment Group Holdings LLC now owns 3,488 shares of the cable giant’s stock valued at $131,000 after purchasing an additional 1,744 shares during the period. Institutional investors own 82.13% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at $41.04 on Friday. Comcast Corporation has a 1 year low of $34.78 and a 1 year high of $42.18. The firm has a market capitalization of $191,811.56, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results 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. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. equities research analysts anticipate that Comcast Corporation will post 2.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Tuesday, January 2nd. Comcast’s dividend payout ratio (DPR) is 30.36%.
A number of research firms have recently issued reports on CMCSA. Macquarie restated a “buy” rating and set a $40.00 price objective on shares of Comcast in a research report on Thursday, December 7th. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, September 12th. They noted that the move was a valuation call. OTR Global cut Comcast to a “positive” rating in a research report on Monday, October 30th. Barclays lowered their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Finally, Robert W. Baird restated an “outperform” rating on shares of Comcast in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.72.
In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock worth $22,961,401 over the last quarter. Company insiders own 1.28% of the company’s stock.
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Comcast 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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