Comcast Corporation (CMCSA) Shares Bought by Quinn Opportunity Partners LLC
Quinn Opportunity Partners LLC increased its position in Comcast Corporation (NASDAQ:CMCSA) by 97.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,600 shares of the cable giant’s stock after purchasing an additional 24,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Comcast Corporation were worth $1,892,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Comcast Corporation by 25.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 211,838 shares of the cable giant’s stock valued at $8,245,000 after purchasing an additional 43,210 shares during the period. Calamos Wealth Management LLC lifted its stake in shares of Comcast Corporation by 1.2% in the 2nd quarter. Calamos Wealth Management LLC now owns 246,022 shares of the cable giant’s stock valued at $9,575,000 after purchasing an additional 2,902 shares during the period. Sterling Investment Advisors Ltd. raised its stake in Comcast Corporation by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 21,320 shares of the cable giant’s stock valued at $830,000 after buying an additional 542 shares during the last quarter. Atlantic Trust Group LLC raised its stake in Comcast Corporation by 0.7% during the second quarter. Atlantic Trust Group LLC now owns 5,258,607 shares of the cable giant’s stock valued at $204,664,000 after buying an additional 38,539 shares during the last quarter. Finally, Tradition Capital Management LLC raised its stake in Comcast Corporation by 11.3% during the second quarter. Tradition Capital Management LLC now owns 14,054 shares of the cable giant’s stock valued at $547,000 after buying an additional 1,430 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $36.86 on Wednesday. Comcast Corporation has a fifty-two week low of $33.28 and a fifty-two week high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $174,097.97, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Comcast Corporation’s revenue for the quarter was down 1.6% on a year-over-year basis. equities research analysts expect that Comcast Corporation will post 2.06 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 issued a dividend of $0.157 per share. This represents a $0.63 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is presently 30.36%.
A number of research analysts have issued reports on CMCSA shares. Argus lifted their price objective on Comcast Corporation from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and set a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, September 1st. Moffett Nathanson upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, September 12th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Comcast Corporation in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.84.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction dated 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 sale, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders own 1.28% of the company’s stock.
About Comcast Corporation
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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