Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its holdings in Comcast Corporation (NASDAQ:CMCSA) by 0.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,095 shares of the cable giant’s stock after buying an additional 1 shares during the quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Comcast Corporation were worth $159,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Peoples Bank OH grew its holdings in shares of Comcast Corporation by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the last quarter. Grove Bank & Trust grew its holdings in shares of Comcast Corporation by 27.8% in the 2nd quarter. Grove Bank & Trust now owns 35,382 shares of the cable giant’s stock worth $1,377,000 after purchasing an additional 7,690 shares during the last quarter. Exchange Capital Management Inc. grew its holdings in shares of Comcast Corporation by 2.8% in the 2nd quarter. Exchange Capital Management Inc. now owns 110,435 shares of the cable giant’s stock worth $4,298,000 after purchasing an additional 3,058 shares during the last quarter. CAPROCK Group Inc. grew its holdings in shares of Comcast Corporation by 19.6% in the 2nd quarter. CAPROCK Group Inc. now owns 22,317 shares of the cable giant’s stock worth $872,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Lourd Capital LLC grew its holdings in shares of Comcast Corporation by 8.7% in the 2nd quarter. Lourd Capital LLC now owns 12,751 shares of the cable giant’s stock worth $496,000 after purchasing an additional 1,022 shares during the last quarter. Institutional investors own 81.93% of the company’s stock.

In other 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 transaction of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Insiders have sold 9,982 shares of company stock worth $385,050 over the last ninety days. 1.28% of the stock is owned by insiders.

Several research firms have recently weighed in on CMCSA. Moffett Nathanson lowered shares of Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Tuesday, June 20th. ValuEngine lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.83.

Shares of Comcast Corporation (CMCSA) opened at 38.48 on Friday. The stock has a 50 day moving average of $39.84 and a 200-day moving average of $39.19. The firm has a market capitalization of $181.37 billion, a P/E ratio of 19.39 and a beta of 1.01. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The firm had revenue of $21.17 billion for the quarter, compared to analysts’ expectations of $20.85 billion. During the same period in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.

The company also recently announced 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. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, October 3rd. Comcast Corporation’s payout ratio is 31.74%.

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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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