IFP Advisors Inc Has $3.67 Million Position in Comcast Corporation (CMCSA)
IFP Advisors Inc lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 1.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,320 shares of the cable giant’s stock after selling 920 shares during the quarter. IFP Advisors Inc’s holdings in Comcast Corporation were worth $3,671,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. United States Steel & Carnegie Pension Fund boosted its position in Comcast Corporation by 100.0% during the first quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock worth $42,334,000 after acquiring an additional 563,108 shares during the last quarter. Waldron LP boosted its position in Comcast Corporation by 191.1% during the first quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock worth $1,767,000 after acquiring an additional 30,777 shares during the last quarter. Strs Ohio boosted its position in Comcast Corporation by 97.3% during the first quarter. Strs Ohio now owns 5,096,624 shares of the cable giant’s stock worth $191,582,000 after acquiring an additional 2,513,697 shares during the last quarter. Everett Harris & Co. CA boosted its position in Comcast Corporation by 32.6% during the first quarter. Everett Harris & Co. CA now owns 7,864 shares of the cable giant’s stock worth $296,000 after acquiring an additional 1,932 shares during the last quarter. Finally, New Jersey Better Educational Savings Trust boosted its position in Comcast Corporation by 11.1% during the first quarter. New Jersey Better Educational Savings Trust now owns 20,000 shares of the cable giant’s stock worth $752,000 after acquiring an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 81.93% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at 38.35 on Friday. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. The stock has a market cap of $180.76 billion, a P/E ratio of 19.32 and a beta of 0.98. The company’s 50-day moving average is $39.00 and its 200 day moving average is $39.22.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that Comcast Corporation will post $2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Wednesday, October 4th will be paid a $0.1575 dividend. 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%.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the completion of the sale, the director now directly owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Arthur R. Block sold 4,091 shares of the business’s 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 completion of the sale, the executive vice president now 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 sold 9,982 shares of company stock valued at $385,050 over the last 90 days. 1.28% of the stock is owned by corporate insiders.
A number of analysts recently issued reports on CMCSA shares. 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 research report on Tuesday, June 20th. BidaskClub lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Pivotal Research restated a “buy” rating and set a $48.00 target price on shares of Comcast Corporation in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. Finally, Instinet reaffirmed a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.83.
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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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