Comcast Corporation (NASDAQ:CMCSA) Stake Boosted by Swiss National Bank
Swiss National Bank boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 151.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,191,600 shares of the cable giant’s stock after buying an additional 10,356,700 shares during the period. Comcast Corporation comprises 0.8% of Swiss National Bank’s investment portfolio, making the stock its 21st largest position. Swiss National Bank’s holdings in Comcast Corporation were worth $646,232,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Advantage Investment Management LLC purchased a new stake in Comcast Corporation during the fourth quarter valued at $103,000. OLD Second National Bank of Aurora boosted its stake in Comcast Corporation by 56.5% in the first quarter. OLD Second National Bank of Aurora now owns 2,696 shares of the cable giant’s stock valued at $101,000 after buying an additional 973 shares during the period. Orrstown Financial Services Inc. boosted its stake in Comcast Corporation by 159.3% in the first quarter. Orrstown Financial Services Inc. now owns 2,860 shares of the cable giant’s stock valued at $108,000 after buying an additional 1,757 shares during the period. CT Financial Advisors LLC boosted its stake in Comcast Corporation by 109.4% in the first quarter. CT Financial Advisors LLC now owns 2,894 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,512 shares during the period. Finally, Adirondack Trust Co. boosted its stake in Comcast Corporation by 100.0% in the first quarter. Adirondack Trust Co. now owns 2,900 shares of the cable giant’s stock valued at $109,000 after buying an additional 1,450 shares during the period. Institutional investors own 82.57% of the company’s stock.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 39.18 on Wednesday. The stock’s 50 day moving average price is $40.33 and its 200 day moving average price is $37.94. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18. The company has a market cap of $185.83 billion, a P/E ratio of 20.79 and a beta of 1.01.
Comcast Corporation (NASDAQ:CMCSA) last released its earnings results on Thursday, April 27th. The cable giant reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.09. The company had revenue of $20.46 billion during the quarter, compared to analysts’ expectations of $20.10 billion. Comcast Corporation had a return on equity of 15.98% and a net margin of 11.12%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. On average, analysts forecast that Comcast Corporation will post $1.99 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 5th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, June 30th. Comcast Corporation’s payout ratio is presently 33.51%.
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Several research firms have recently weighed in on CMCSA. Barclays PLC set a $44.00 price target on Comcast Corporation and gave the stock a “buy” rating in a report on Friday, July 14th. Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of Comcast Corporation in a report on Sunday, July 9th. Jefferies Group LLC restated a “buy” rating and set a $47.00 price target on shares of Comcast Corporation in a report on Friday, July 7th. Instinet restated a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, TD Securities began coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Comcast Corporation presently has a consensus rating of “Buy” and an average target price of $44.68.
In other news, Director Kenneth J. Bacon sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $40.50, for a total value of $303,750.00. Following the completion of the transaction, the director now owns 26,812 shares in the company, valued at approximately $1,085,886. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen B. Burke sold 258,380 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $38.99, for a total value of $10,074,236.20. Following the completion of the transaction, the executive vice president now owns 980,498 shares of the company’s stock, valued at approximately $38,229,617.02. The disclosure for this sale can be found here. Company 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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