QCI Asset Management Inc. NY Grows Position in Comcast Corporation (CMCSA)
QCI Asset Management Inc. NY increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,572 shares of the cable giant’s stock after acquiring an additional 876 shares during the quarter. QCI Asset Management Inc. NY’s holdings in Comcast Corporation were worth $334,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its stake 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 increased its stake 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 increased its stake 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 acquired a new stake in shares of Comcast Corporation in the first quarter valued at approximately $113,000. Finally, Pacific Center for Financial Services increased its stake 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. Hedge funds and other institutional investors own 81.88% of the company’s stock.
Shares of Comcast Corporation (NASDAQ CMCSA) opened at $35.68 on Monday. The firm has a market cap of $166,760.16, a P/E ratio of 17.71, a P/E/G ratio of 1.85 and a beta of 1.00. Comcast Corporation has a 1-year low of $30.02 and a 1-year high of $42.18. 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, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast Corporation had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. During the same period last year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. equities research analysts predict that Comcast Corporation will post 2.06 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 3rd will be paid a $0.157 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s dividend payout ratio is 30.36%.
Several equities research analysts have commented on CMCSA shares. Royal Bank Of Canada restated a “buy” rating and issued a $45.00 price target on shares of Comcast Corporation in a research note on Sunday, July 9th. TD Securities started coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They issued a “buy” rating and a $51.00 price target on the stock. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Barclays PLC set a $44.00 price target on shares of Comcast Corporation and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $42.00 to $46.00 in a research note on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Comcast Corporation currently has an average 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 completion of the transaction, the director now owns 24,580 shares of the company’s stock, valued at approximately $916,096.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the firm’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 transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.
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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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