Comcast Corporation (CMCSA) Stake Maintained by Wheatland Advisors Inc.
Wheatland Advisors Inc. continued to hold its stake in Comcast Corporation (NASDAQ:CMCSA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,888 shares of the cable giant’s stock at the end of the 2nd quarter. Wheatland Advisors Inc.’s holdings in Comcast Corporation were worth $502,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares in the last quarter. First Bank & Trust raised its holdings in Comcast Corporation by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares in the last quarter. Zions Bancorporation raised its holdings in Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after acquiring an additional 410 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in Comcast Corporation during the first quarter worth about $112,000. Finally, Founders Capital Management bought a new stake in Comcast Corporation during the first quarter worth about $113,000. Institutional investors own 81.93% of the company’s stock.
In other news, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction 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 sale, the director now directly owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock valued at $385,050 over the last 90 days. Company insiders own 1.28% of the company’s stock.
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Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 37.42 on Thursday. The firm’s 50-day moving average price is $38.66 and its 200 day moving average price is $39.25. The company has a market capitalization of $176.37 billion, a PE ratio of 18.85 and a beta of 0.98. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $21.17 billion during 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%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. Equities analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. Comcast Corporation’s dividend payout ratio (DPR) is currently 31.74%.
Several analysts recently issued reports on CMCSA shares. Bank of America Corporation upped their target price on Comcast Corporation from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Barclays PLC set a $44.00 target price on Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities started coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 target price on shares of Comcast Corporation in a report on Sunday, July 9th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $45.83.
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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