Knights of Columbus Asset Advisors LLC Sells 2,150 Shares of Comcast Corporation (CMCSA)
Knights of Columbus Asset Advisors LLC trimmed its holdings in Comcast Corporation (NASDAQ:CMCSA) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,500 shares of the cable giant’s stock after selling 2,150 shares during the period. Comcast Corporation accounts for about 1.7% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 18th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Comcast Corporation were worth $2,510,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC grew 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 purchasing an additional 1,340 shares during the period. Zions Bancorporation grew 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 purchasing an additional 410 shares during the period. First Bank & Trust grew 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 purchasing an additional 1,302 shares during the period. Founders Capital Management purchased a new stake in shares of Comcast Corporation in the first quarter valued at about $113,000. Finally, Pacific Center for Financial Services grew 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 purchasing an additional 1,788 shares during the period. Institutional investors and hedge funds own 81.89% of the company’s stock.
Shares of Comcast Corporation (CMCSA) opened at $35.68 on Friday. The stock has a market capitalization of $164.28 billion, a PE ratio of 17.44, a PEG ratio of 1.82 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. research analysts anticipate that Comcast Corporation will post 2.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be issued 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 1.76%. Comcast Corporation’s dividend payout ratio (DPR) is 30.36%.
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A number of equities research analysts recently issued reports on the stock. ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a report on Thursday, July 13th. They issued a “buy” rating and a $51.00 price objective for the company. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. Barclays PLC dropped their price objective 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. Finally, OTR Global lowered shares of Comcast Corporation to a “positive” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Comcast Corporation currently has a consensus rating of “Buy” and an average price target of $45.84.
In related news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 directly owns 725 shares in the company, valued at approximately $28,717.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,982 shares of company stock worth $385,050. 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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