Empirical Finance LLC Invests $202,000 in Comcast Corporation (CMCSA)
Empirical Finance LLC bought a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,174 shares of the cable giant’s stock, valued at approximately $202,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 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 acquiring an additional 1,340 shares in the last quarter. First Bank & Trust raised its holdings in shares of Comcast Corporation by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after acquiring an additional 1,302 shares in the last quarter. Zions Bancorporation raised its holdings in shares of Comcast Corporation by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after acquiring an additional 410 shares in the last quarter. Founders Capital Management bought a new stake in shares of Comcast Corporation in the first quarter valued at about $113,000. Finally, Pacific Center for Financial Services raised its holdings in shares of Comcast Corporation by 133.0% in the first quarter. Pacific Center for Financial Services now owns 3,132 shares of the cable giant’s stock valued at $118,000 after acquiring an additional 1,788 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.
In other Comcast Corporation news, Director Kenneth J. Bacon sold 2,232 shares of the company’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 value of $83,186.64. Following the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now owns 68,478 shares in the company, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
CMCSA has been the subject of several recent research reports. ValuEngine downgraded Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. Pivotal Research boosted their target price on shares of Comcast Corporation from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 27th. KeyCorp reiterated a “neutral” rating on shares of Comcast Corporation in a report on Sunday, September 17th. Finally, Barclays PLC reduced their target price on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.93.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $36.41 on Thursday. The company has a market capitalization of $170,218.73, a P/E ratio of 18.07, a P/E/G ratio of 1.92 and a beta of 1.00. Comcast Corporation has a 52-week low of $34.01 and a 52-week high of $42.18. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. Comcast Corporation’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. equities analysts expect that Comcast Corporation will post 2.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 3rd will be given a $0.157 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a yield of 1.72%. Comcast Corporation’s dividend payout ratio is presently 30.36%.
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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