Kornitzer Capital Management Inc. KS Acquires 200 Shares of Comcast Corporation (CMCSA)
Kornitzer Capital Management Inc. KS raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,232 shares of the cable giant’s stock after purchasing an additional 200 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Comcast Corporation were worth $632,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp increased its stake in Comcast Corporation by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after purchasing an additional 98,570,377 shares during the period. Clearbridge Investments LLC boosted its holdings in shares of Comcast Corporation by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after acquiring an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Comcast Corporation by 95.7% in the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock valued at $2,244,768,000 after acquiring an additional 29,199,805 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Comcast Corporation by 103.1% in the first quarter. Bank of New York Mellon Corp now owns 56,323,747 shares of the cable giant’s stock valued at $2,117,212,000 after acquiring an additional 28,597,277 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Comcast Corporation by 56.9% in the first quarter. First Eagle Investment Management LLC now owns 34,799,928 shares of the cable giant’s stock valued at $1,308,129,000 after acquiring an additional 12,625,830 shares in the last quarter. Institutional investors own 81.93% of the company’s stock.
Several analysts have recently weighed in on the stock. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $42.00 to $46.00 in a report on Thursday, August 3rd. BidaskClub downgraded shares of Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Instinet reaffirmed a “buy” rating and issued a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Finally, Moffett Nathanson raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Tuesday, September 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Comcast Corporation presently has a consensus rating of “Buy” and a consensus price target of $45.83.
Shares of Comcast Corporation (NASDAQ:CMCSA) opened at 38.10 on Friday. The firm has a 50 day moving average of $39.84 and a 200 day moving average of $39.19. The stock has a market cap of $179.58 billion, a P/E ratio of 19.19 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating 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 analyst estimates of $20.85 billion. During the same quarter last year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities research analysts predict that Comcast Corporation will post $2.04 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. Comcast Corporation’s dividend payout ratio (DPR) is 31.74%.
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In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
About Comcast Corporation
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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