Radnor Capital Management LLC Has $497,000 Stake in Comcast Corporation (CMCSA)
Radnor Capital Management LLC reduced its position in Comcast Corporation (NASDAQ:CMCSA) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,768 shares of the cable giant’s stock after selling 300 shares during the quarter. Radnor Capital Management LLC’s holdings in Comcast Corporation were worth $497,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC boosted its position in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares during the period. Financial Consulate Inc. boosted its position in shares of Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the period. Peoples Bank OH boosted its position in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the period. Sabal Trust CO boosted its position in shares of Comcast Corporation by 0.6% in the second quarter. Sabal Trust CO now owns 14,379 shares of the cable giant’s stock valued at $559,000 after acquiring an additional 79 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its position in shares of Comcast Corporation by 0.9% in the second quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after acquiring an additional 81 shares during the period. Institutional investors own 81.88% of the company’s stock.
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Comcast Corporation (NASDAQ:CMCSA) opened at $36.85 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast Corporation has a one year low of $32.30 and a one year high of $42.18. The company has a market cap of $170,873.08, a price-to-earnings ratio of 18.14, a P/E/G ratio of 1.89 and a beta of 1.00.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the 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 company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. analysts anticipate that Comcast Corporation will post 2.06 EPS for the current 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 paid a $0.157 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, January 2nd. Comcast Corporation’s payout ratio is 30.36%.
A number of equities analysts have recently commented on the stock. Guggenheim upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $42.00 to $46.00 in a research report on Thursday, August 3rd. Moffett Nathanson upgraded shares of Comcast Corporation from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated an “outperform” rating on shares of Comcast Corporation in a research report on Wednesday, September 20th. Finally, Barclays PLC dropped their target price on shares of Comcast Corporation from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Comcast Corporation has an average rating of “Buy” and a consensus target price of $45.84.
In related news, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the sale, the executive vice president now owns 68,478 shares in the company, valued at $2,626,816.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 2,232 shares of Comcast Corporation stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares in the company, valued at approximately $916,096.60. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.
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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