DF Dent & Co. Inc. boosted its stake in Comcast Corporation (NASDAQ:CMCSA) by 78.0% during the first quarter, Holdings Channel reports. The firm owned 106,406 shares of the cable giant’s stock after buying an additional 46,638 shares during the period. DF Dent & Co. Inc.’s holdings in Comcast Corporation were worth $4,000,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its stake in Comcast Corporation by 100.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after buying an additional 1,340 shares during the period. OLD Second National Bank of Aurora raised 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. raised 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 raised 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. raised 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. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Corporation (NASDAQ CMCSA) traded up 0.71% during midday trading on Thursday, hitting $40.92. 3,705,998 shares of the stock were exchanged. The company’s 50 day moving average is $39.42 and its 200 day moving average is $38.73. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The company has a market capitalization of $192.87 billion, a P/E ratio of 20.61 and a beta of 1.01.

Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. Comcast Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Analysts predict that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.55%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is currently 31.74%.

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CMCSA has been the topic of several research analyst reports. Macquarie reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast Corporation in a research report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price objective (up from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Instinet reissued a “buy” rating and issued a $43.00 price objective (down from $46.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price objective (up from $44.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Finally, Wunderlich increased their price objective on shares of Comcast Corporation from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.69.

In other news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total value of $303,750.00. Following the sale, the director now directly owns 26,812 shares of the company’s stock, valued at approximately $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Comcast Corporation (NASDAQ:CMCSA)

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