Comcast Corporation (CMCSA) Stake Lifted by State of Wisconsin Investment Board
State of Wisconsin Investment Board grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,148,948 shares of the cable giant’s stock after purchasing an additional 931,910 shares during the quarter. Comcast Corporation comprises about 0.8% of State of Wisconsin Investment Board’s portfolio, making the stock its 19th biggest position. State of Wisconsin Investment Board owned approximately 0.13% of Comcast Corporation worth $239,317,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Comcast Corporation by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after purchasing an additional 1,340 shares during the period. First Bank & Trust lifted its stake in shares of Comcast Corporation by 84.9% in the 2nd 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 lifted its stake in shares of Comcast Corporation by 16.8% in the 1st 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. Signature Estate & Investment Advisors LLC acquired a new position in shares of Comcast Corporation in the 1st quarter valued at about $112,000. Finally, Founders Capital Management acquired a new position in shares of Comcast Corporation in the 1st quarter valued at about $113,000. 81.84% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on CMCSA. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research note on Thursday, August 24th. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the stock a “buy” rating in a research note on Friday, July 14th. KeyCorp reaffirmed a “hold” rating on shares of Comcast Corporation in a research note on Tuesday. Pivotal Research reaffirmed a “buy” rating and set a $48.00 price target on shares of Comcast Corporation in a research note on Tuesday, June 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Comcast Corporation in a research note on Thursday, July 6th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.83.
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Comcast Corporation (NASDAQ:CMCSA) opened at 36.47 on Wednesday. The company has a market capitalization of $171.90 billion, a price-to-earnings ratio of 18.37 and a beta of 0.98. The stock has a 50 day moving average price of $38.35 and a 200 day moving average price of $39.25. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts expect that Comcast Corporation will post $2.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Wednesday, October 4th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a yield of 1.73%. Comcast Corporation’s payout ratio is currently 31.74%.
In related news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,982 shares of company stock valued at $385,050. 1.28% of the stock is owned by company 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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